The news comes as tech giants Meta, OpenAI, and Microsoft have expressed their intention to use AMD's newest AI chip, the Instinct MI300X, indicating a potential shift away from Nvidia's graphics processors for AI programs. This could put competitive pressure on Nvidia's AI chip sales growth. However, Nvidia's investment in Vietnam could help diversify its supply chain and strengthen its presence in the country's tech sector.
Key takeaways:
- Nvidia's CEO, Jensen Huang, has announced plans to strengthen collaboration with top tech firms in Vietnam, with a focus on artificial intelligence (AI) and digital infrastructure.
- Nvidia has already invested $250 million in Vietnam and is involved in partnerships deploying AI in cloud computing, automotive, and healthcare sectors.
- Vietnam's Investment Minister, Nguyen Chi Dzung, has urged Nvidia to consider establishing a research and development facility in the country.
- AMD's new AI chip, the Instinct MI300X, is being preferred by tech giants like Meta, OpenAI, and Microsoft, which could potentially impact Nvidia's AI chip sales growth.