US, Vietnam tech firms hold business summit during Biden visit; AI deals unveiled

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US, Vietnam tech firms hold business summit during Biden visit; AI deals unveiled
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Deals include investments by US firms to build chip design centers, an Nvidia partnership for AI development, and a generative AI solution tailor-made by Microsoft for Vietnam and emerging markets

HANOI, Vietnam – Executives at top US and Vietnamese firms in the semiconductor, tech and aviation sectors are meeting on Monday, September 11, as part of US President Joe Biden’sSenior executives from Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing are attending the Vietnam-US Innovation & Investment Summit, according to a draft agenda that confirms a Reuters report.

US State Secretary Antony Blinken and Vietnam’s investment minister Nguyen Chi Dzung are chairing the meeting, which will be followed by discussions with Biden and Vietnam’s Prime Minister Pham Minh China, according to the agenda. Nvidia will also partner with Vietnam’s FPT, Viettel and Vingroup, VinFast’s parent company, on AI in the country, it said.

A new $1.6 billion Amkor factory near Hanoi that will assemble, package and test chips is due to start operations in October, it added.

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