Vietnam urges Qualcomm, Samsung to deepen AI, chip investment as it seeks tech upgrade
At a meeting in Hanoi on Thursday, Communist Party General Secretary and President To Lam asked Qualcomm Chief Executive Cristiano Amon to increase its investment in areas including AI, semiconductors, robotics, 5G/6G, data centres and next-generation connectivity technologies, according to a government statement.
Hanoi, on August 28th, saw Vietnam appeal to U.S. chipmaker Qualcomm and Samsung Electronics to bolster their investments in artificial intelligence, semiconductors, and research and development. The goal is to transform Vietnam into a regional innovation leader.
During a gathering in Hanoi, Communist Party General Secretary and President To Lam approached Qualcomm CEO Cristiano Amon with an invitation to augment investments in AI, semiconductors, robotics, 5G/6G, data centers, and next-generation connectivity. Quoted in a government statement, Amon suggested Qualcomm aims to establish Hanoi as its third-largest AI R&D hub globally. Qualcomm currently runs an R&D center in Hanoi and has partnered with Vietnamese firms like Viettel and VinSmart, as per the statement.
Similarly, Vietnam's Prime Minister Le Minh Hung urged Samsung Electronics CEO Roh Tae-moon to maintain his company's pivotal role in elevating Vietnam's technological prowess, industrial foundation, and deeper integration into global value chains. The Prime Minister commended Samsung's significant contributions to Vietnam's industrial expansion and exports, noting that Vietnam was among the company's most vital manufacturing centers worldwide.
Samsung's mobile phone manufacturing activities in Vietnam have generated $500 billion in exports since production began 17 years ago, according to the government statement. Samsung has thus far committed $24 billion to Vietnam, as stated by the government. Roh, quoted in the statement, indicated that Samsung intends to make further investments and offer training in Vietnam, actively collaborating with the government to facilitate local firms' involvement in its global supply chain.
Written by urgent.news from Investing.com's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
