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Qualcomm acquires Vietnam’s VinAI AI unit

Qualcomm has announced the acquisition of MovianAI, the generative AI division of VinAI, part of Vietnam’s Vingroup ecosystem.

This move aims to enhance Qualcomm’s R&D in generative AI for smartphones, PCs, and software-defined vehicles.

Dr. Hung Bui, founder and CEO of VinAI, will join Qualcomm, bringing expertise in AI, machine learning, computer vision, and Natural Language Processing (NLP). He previously worked at Google DeepMind.

Jilei Hou, Qualcomm’s senior VP of engineering, highlighted the value of integrating VinAI’s talent to strengthen AI solutions across industries.

The deal also reinforces Qualcomm’s long-standing collaboration with Vietnam’s tech sector, supporting advancements in 5G and IoT.

Financial terms of the acquisition have not been disclosed.

Recent Qualcomm developments

Timeline
06-Feb-2025 📈 Qualcomm Q1 revenue hits $11.72b
  • Qualcomm Q1 revenue rises 18% to $11.72B
  • Net income increases 15% to $3.18B per share
20-Dec-2024 ⚖️ Jury deliberates in Qualcomm vs. Arm licensing dispute
  • Jury deliberates Qualcomm vs. Arm Holdings case
  • Verdict may impact Qualcomm’s PC chip plans
07-Nov-2024 📈 Qualcomm projects strong Q1 2025, cites China growth
  • Qualcomm expects strong sales from new phones
  • Stock rises 5.5% after $15B buyback announcement
12-Dec-2023 📈 Qualcomm hits $3.6b profit fueled by patent licensing
  • Qualcomm earns $3.6B profit on $5.3B revenue
  • Aggressive licensing strategy faces regulatory scrutiny

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