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Nvidia wants to set up Vietnam semiconductor base

Economic Times

Economic Times · 1y ago

Nvidia wants to set up Vietnam semiconductor base

US chip giant Nvidia is looking to establish a base in Vietnam to develop its semiconductor industry, according to its CEO, Jensen Huang. During a meeting with Vietnam's Prime Minister, Huang expressed his high regard for Vietnam's potential in the IT sector and mentioned that Nvidia had already invested around $250 million in the country. Vietnam has been attracting investment from various chip giants, with plans to expand its semiconductor industry to meet global demand and reduce dependency on China. The country aims to increase its number of engineers in the semiconductor industry to 50,000 by 2030.

Related News

The US wants Vietnam to be its new tech best friend

Wired · 1y ago

The US wants Vietnam to be its new tech best friend

The article discusses the US's growing interest in Vietnam as a potential partner in the technology supply chain, aiming to reduce its dependence on China. President Joe Biden recently visited Vietnam with leaders from top US technology companies to explore opportunities for collaboration. While Vietnam offers a stable economy and location advantages, experts caution that it cannot replace China's manufacturing scale and skills in the tech industry. Vietnam's relatively small and low-skilled semiconductor workforce and limited role in global semiconductor trade pose challenges to becoming a major player in the supply chain. Investments from US companies have been made, but complete decoupling from China seems unlikely.

India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell

Economic Times

Economic Times · 1y ago

India's industries must foray into cutting-edge tech to attract more chip fabrication units: Intel's Christoph Schell

Intel's CEO, Pat Gelsinger, stated that semiconductor supply chains in Asian countries such as India, China, Malaysia, Taiwan, Vietnam, and Indonesia are becoming increasingly significant for the company. Intel aims to have semiconductor fabrication or packaging and manufacturing units in these regions. However, Intel isn't planning to set up a semiconductor fabrication unit in India in the near future. Intel plans to invest over $100 billion in its semiconductor capacities in the US over the next five years. Christoph Schell, Intel's Chief Commercial Officer, emphasized the importance of local industries adopting cutting-edge technologies to attract semiconductor fabrication units to India.

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

Economic Times

Economic Times · 1y ago

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.

Vietnam eyes first semiconductor plant, US officials warn of high costs

Economic Times

Economic Times · 1y ago

Vietnam eyes first semiconductor plant, US officials warn of high costs

Vietnam Eyeing First Semiconductor Plant as US Officials Warn of High Costs Vietnam is considering the establishment of its first semiconductor plant, despite warnings from US officials about potential high costs. The country is seeking to reduce its reliance on imported technology and boost its domestic semiconductor industry. However, US officials have cautioned Vietnam that building a high-tech semiconductor plant could be expensive, with costs potentially reaching billions of dollars.

Intel shelves planned chip operation expansion in Vietnam

Economic Times

Economic Times · 1y ago

Intel shelves planned chip operation expansion in Vietnam

Intel has reportedly canceled a planned expansion in Vietnam, dealing a blow to the country's ambitions in the semiconductor industry. Vietnam has been positioning itself as an alternative to China and Taiwan, but Intel's decision to shelve its expansion plan has raised concerns about power supplies and bureaucracy. While Intel remains committed to Vietnam as part of its global manufacturing operations, the cancellation of the expansion is seen as a setback to Vietnam's ambitions in the global semiconductor industry. Intel recently announced significant investments in Europe and is expanding its investment in Malaysia.

NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions | TechCrunch

TechCrunch · 3m ago

NVIDIA, AMD may soon start selling new AI chips in China to comply with US restrictions | TechCrunch

NVIDIA and AMD plan to sell new AI GPUs in China to align with U.S. export restrictions on advanced semiconductor technology. NVIDIA will offer a "B20" GPU, while AMD introduces the Radeon AI PRO R9700 for AI workloads. These sales are set to begin in July. NVIDIA also anticipates an $8 billion revenue impact in Q2 due to licensing constraints affecting its H20 chip sales in China, following a $4.5 billion hit in Q1.

Apple says it wants to spend more on suppliers in Vietnam

Economic Times

Economic Times · 1y ago

Apple says it wants to spend more on suppliers in Vietnam

Apple CEO Tim Cook has expressed a desire to increase the company's investment in Vietnam, a key manufacturing hub for the tech giant. Cook's statement came during a meeting with Vietnamese Prime Minister Pham Minh Chinh, who pledged to establish a working group to support Apple's investment. Additionally, Apple announced plans to increase spending on suppliers in Vietnam, reaching around $15.84 billion and creating 200,000 jobs. The company manufactures various products in Vietnam, including iPads and AirPods, and its suppliers, such as Foxconn, are investing in the country.

Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

Economic Times

Economic Times · 1y ago

Cabinet greenlights Tata Group's chip fab unit in Gujarat; first semicon plant in northeast approved

The Indian government has approved the construction of three semiconductor chip fabrication units in Gujarat and Assam, with an estimated investment of INR 1.26 lakh crore (approximately $17 billion). Tata Electronics will set up a semiconductor fab in partnership with Powerchip Semiconductor Manufacturing Corp (PSMC) in Gujarat, attracting an investment of INR 91,000 crore. Tata Semiconductor Assembly and Test will establish a unit in Assam with an investment of INR 27,000 crore. Additionally, CG Power will collaborate with Renesas Electronics and Stars Microelectronics to set up a semiconductor unit in Gujarat with an investment of INR 7,600 crore.

Semiconductor Programme To Focus On Chip Design: Vaishnaw

Inc42 · 1y ago

Semiconductor Programme To Focus On Chip Design: Vaishnaw

India's semiconductor programme, Semicon, is set to produce at least 10 chipsets entirely within the country, including design, fabrication, and packaging. Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, revealed plans for the second version of Semicon, which aims to develop the chip design ecosystem and strengthen India's position in the semiconductor industry. The government also hopes to manufacture the necessary equipment for semiconductor production and gases required in chip fabrication plants domestically. The push for a thriving semiconductor ecosystem in India has resulted in increased startup activity, and tech giant Nvidia has pledged support for the IndiaAI Mission.

Domestic semiconductor stocks echo Nvidia's fall as DoJ probe spooks investors

Money Control

Money Control · 11m ago

Domestic semiconductor stocks echo Nvidia's fall as DoJ probe spooks investors

Semiconductor stocks, including Kaynes, experienced losses after global semiconductor giant Nvidia Corp's stock fell due to subpoenas from the US Department of Justice, as they investigate whether the company violated antitrust laws. The domestic chipmakers, such as RIR Power Electronics, ASM Technologies, and SPEL Semiconductor, also fell in response. Despite the investigation, Nvidia defended its tactics and stated that it wins on merit. While there are other options for chip buyers, Nvidia is considered the leader in AI chips.

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