FPT to Build $200 mn AI factory using Nvidia’s chips and software

FPT, a leading technology company in Vietnam, is planning to build a $200 million artificial intelligence (AI) factory using Nvidia’s graphics chips and software.
Nvidia A100FPT will use Nvidia’s support to boost AI research in Vietnam with the aim of developing AI applications and solutions at the planned data centre factory, including for generative AI and autonomous driving.

“FPT will establish factories in Vietnam and other potential markets including Japan and South Korea,” FPT Chairman Truong Gia Binh told reporters.

Nvidia’s chief executive Jensen Huang had said last December that the company wanted to expand its partnerships with Vietnam’s top tech firms and support the country in training talent for developing AI and digital infrastructure, Reuters news report said.

“We are working with many different operating units within FPT … we have agreements and strategies for each one of those,” Keith Strier, Vice President of Worldwide AI Initiatives at Nvidia, said at an event in Hanoi marking the deal.

The U.S. chipmaker has invested over $250 million in Vietnam. It was not immediately clear whether the new partnership would increase its investment in the country.

FPT, the most valuable technology company on Vietnam’s Ho Chi Minh City bourse, with a market capitalization of $5.5 billion, offers a variety of AI, cloud and big data services. Last year, total revenues of FPT exceeded $2 billion.

InfotechLead.com News Desk

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