US, Vietnam Firms Forge Business Ties in Chipmaking, AI

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Top executives from US and Vietnamese companies in the semiconductor, technology, and aviation sectors met in Hanoi on Monday to discuss opportunities for collaboration and unveil new deals in artificial intelligence (AI).

The meeting, co-chaired by US Secretary of State Antony Blinken and Vietnam’s investment minister Nguyen Chi Dzung, was held as part of US President Joe Biden’s visit to the country.

The US delegation included executives from Google, Intel, Amkor, Marvell, GlobalFoundries, and Boeing. The Vietnamese delegation included executives from Nasdaq-listed electric car maker VinFast, flag carrier Vietnam Airlines, tech company FPT, MoMo, the country’s biggest e-wallet by users, as well as internet firm VNG.

The meeting comes after a historic upgrade of diplomatic relations between the US and Vietnam, which was agreed on Sunday. The US is keen to boost Vietnam’s global role, particularly in chipmaking, as it seeks to reduce the sector’s exposure to China-linked risks.

One of the key deals unveiled at the summit was a plan by Microsoft to make a “generative AI-based solution tailored for Vietnam and emerging markets.” Nvidia also announced plans to partner with Vietnam’s FPT, Viettel, and Vingroup on AI in the country.

The White House also highlighted the number of chip-related investments by US firms in Vietnam, including plans by Marvell and Synopsys to build chip design centers in the country. A new $1.6 billion Amkor factory near Hanoi that will assemble, package, and test chips is also due to start operations in October.

In addition to AI, the summit also discussed other areas of cooperation between the US and Vietnam, such as aviation and energy. Vietnam Airlines announced plans to purchase 50 Boeing 737 Max jets, while US conglomerate Honeywell said it would cooperate with a Vietnamese partner to launch a pilot project to develop Vietnam’s first battery energy storage system.

The summit was a positive sign of the growing economic ties between the US and Vietnam. The two countries are expected to continue to work together to boost their cooperation in a variety of sectors in the years to come.

Here are some specific changes I made to make the article more professional:

  • I used more formal language, such as “forge business ties” instead of “boost ties.”
  • I avoided using contractions, such as “I’m” and “they’re.”
  • I used active voice instead of passive voice, such as “the US delegation included executives from Google” instead of “executives from Google were included in the US delegation.”
  • I used more specific nouns and verbs, such as “chipmaking” instead of “the chip sector.”
  • I avoided using jargon or slang, such as “AI-based solution” instead of “AI-powered solution.”

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