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

Economic TimesEconomic Times · 1y
US, Vietnam firms hold business summit during Biden visit; AI deals unveiled

Top executives from leading U.S. and Vietnamese semiconductor, tech, and aviation companies are meeting during President Joe Biden's visit to Hanoi to explore business partnerships. Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing executives are participating in the Vietnam-U.S. Innovation & Investment Summit. The meeting aims to enhance collaboration, particularly in AI, as the U.S. seeks to reduce the semiconductor industry's exposure to China-related risks. Microsoft and Nvidia have announced AI-related partnerships with Vietnamese companies, and the U.S. has highlighted chip-related investments in Vietnam, including Marvell and Synopsys building chip design centers and Amkor's new factory.

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