FPT, Nvidia join forces for $200m AI factory project in Vietnam

The signing ceremony took place in Hanoi, Vietnam, with the participation of FPT and Nvidia senior executives. / Photo credit: Business Wire

FPT, a Vietnamese tech giant, is looking to build a US$200 million “AI factory” in partnership with Nvidia.

This is part of FPT’s goal to make Vietnam an AI powerhouse and accelerate adoption of AI across the region, including in Vietnam, Japan, and South Korea.

With the factory, the partners aim to create a one-stop shop for AI and cloud services “consisting of AI products, GPU infrastructure, tech experts, and domain expertise for clients,” the company said in a statement.

It would also reinforce FPT’s own AI research and development efforts, which center on generative AI, autonomous driving, and sustainability.

As part of this collaboration, FPT joined the Nvidia partner network. Meanwhile, Nvidia will provide its programs to FPT to strengthen the latter’s AI workforce.

FPT is listed on the Ho Chi Minh City stock exchange and is valued at US$5.5 billion. The company recently said that it grew its revenue and profit year on year by 20.6% and 19.5%, respectively, in the first month of 2024.

The company offers services in a wide range of industries, including telco, education, IT services, and retail.

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