Jensen Huang, the CEO of the multi-billion-dollar corporation Nvidia, has expressed his commitment to transform Vietnam into the second home for the technology giant. This pledge was made during a seminar on the development of the semiconductor and artificial intelligence industries, organized by the Ministry of Planning and Investment on December 11 in Hoa Lac.
Huang evaluated that Vietnam is well-prepared for advancements in artificial intelligence and is dedicated to close collaboration in this endeavor. He underscored the significance of AI as a new wave and a crucial element for global development. According to Huang, Vietnam possesses the essential components to harness the AI wave: language and culture data assets, a skilled workforce, and adequate infrastructure.
Nvidia, as Huang stated, is dedicated to forming a close partnership with Vietnam and intends to establish a legal entity in the country. He also proposed the establishment of a design center in Vietnam to educate and develop AI engineers. Despite recognizing the challenges in acquiring a skilled software workforce, Huang believes that Vietnam can train and enhance the capabilities of its existing engineering team to contribute to AI development.
Furthermore, Nvidia has committed to collaborating with domestic partners to develop AI infrastructure, including supercomputers, data centers, and research and development centers. Huang asserted that this journey is only the beginning and expressed his intention to return to Vietnam, a country he considers the second home for Nvidia. During the meeting, Minister of Planning and Investment Nguyen Chi Dung urged Nvidia to explore and implement investment projects in semiconductors and artificial intelligence in Vietnam. He assured that the Vietnamese government is committed to creating favorable conditions for Nvidia’s operations in the country.
The minister also suggested that Nvidia consider establishing research and development facilities, semiconductor chip design labs in Vietnam’s high-tech zones, and provide guidance and support for resource training and expert programs in semiconductor and artificial intelligence. This includes facilitating Vietnamese engineers and students to participate in internships and work at Nvidia.
Regarding a previous “culinary tour,” Huang shared, “This is my first time in Vietnam, and I have discovered many interesting things. I ate at the market, and people recognized me. I am also famous in Vietnam. I feel very welcomed, like home. Thank you all.”
On December 9, the 60-year-old billionaire, casually dressed in a T-shirt and black jeans, enjoyed street food with his staff in Hanoi. He chose a sidewalk eatery on Luong Ngoc Quyen Street, sitting on plastic chairs, with dishes like snails and spring rolls on the table, accompanied by beer. He also visited another eatery on Hang Non Street for beef pho and coconut water.
Jensen Huang, the co-founder of Nvidia, became a “star” in the semiconductor industry with the company’s sought-after graphics chips. Born in 1963 in Taipei, he has lived in Taiwan and Thailand. In 1993, he, along with Chris Malachowsky and Curtis Priem, co-founded Nvidia with an initial capital of $40,000.
In early 2022, the company announced the H100, touted as the world’s most powerful GPU graphics processor at the time. However, analysts criticized the timing of the release, as businesses were tightening spending and laying off personnel. Nevertheless, by the end of the last year, Nvidia’s AI chips surged in global demand due to the sudden popularity of ChatGPT, creating a worldwide frenzy. Nvidia’s market capitalization rose from $400 billion in January to surpass $1 trillion by the end of May.