In addition to semiconductors, the meeting could foster collaboration in artificial intelligence (AI), with Google playing a pivotal role. Vietnam's government has also been in discussions with major chip companies to establish the country's first fab. Furthermore, Boeing may announce a deal involving the sale of 50 of its 737 MAX jets during this gathering.
Key takeaways:
- Top U.S. semiconductor and digital companies, including Intel, GlobalFoundries, and Google, are expected to participate in a significant business gathering in Hanoi during President Joe Biden's Vietnam visit. The broader strategy of the meeting is to mitigate risks associated with China.
- Semiconductors are set to be a central focus during the visit, with companies like Intel and Amkor having significant investments in Vietnam. The country is also seeking to develop its chipmaking factories, with GlobalFoundries specializing in integrated circuit production.
- Vietnam's government is in discussions with major chip companies like Intel, Samsung, and Qualcomm to establish the country's first fab. However, a shortage of engineers could pose challenges to the country's growth in chip manufacturing.
- Formal ties with Vietnam could also foster collaboration in artificial intelligence (AI), with Google playing a pivotal role. Boeing may also announce a deal involving the sale of 50 of its 737 MAX jets during this gathering.