Nvidia signs deal to establish AI centre in Viet Nam

US chip giant Nvidia signed a deal Thursday to establish an AI centre in Viet Nam. Jensen Huang, chairman and CEO of the Silicon Valley chip titan, met with Vietnamese Prime Minister Pham Minh Chinh during a visit to Hanoi, where the two agreed to open an artificial intelligence research and development centre.

Huang said Nvidia was helping Viet Nam build its "first AI cloud", as well as advancing robotics and AI-powered smart cities in the country. Chinh called the deal a "significant milestone for Viet Nam to become a leading research and development hub in Asia". Nvidia has already invested over $250 million in Viet Nam, according to Huang, and the US chip designer is working with some of Viet Nam's top tech firms to deploy AI in the cloud, automotive and healthcare industries.