Vietnam urges Qualcomm, Samsung to deepen AI, chip investment as it seeks tech upgrade


FILE PHOTO: Qualcomm logo is seen in this illustration taken, May 8, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

HANOI, August 28 (Reuters) - Vietnamese leaders ⁠have urged U.S. chip designer Qualcomm and South Korea's Samsung Electronics ⁠to expand their investment in artificial intelligence, semiconductors and research and ‌development as the country seeks to become a regional innovation hub.

• 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.

• Lam said Vietnam was ⁠shifting ‌toward a growth model driven by science, technology, innovation, digital transformation and artificial intelligence, and welcomed further investment.

• Amon was quoted as saying ⁠Qualcomm wanted to develop its presence in Vietnam into ​the company's third-largest ‌artificial intelligence research and development hub globally.

• Qualcomm already operates an R&D ⁠centre in Hanoi ​and has collaborated with Vietnamese companies including Viettel and VinSmart, the statement said.

• Also on Thursday, Prime Minister Le Minh Hung told Samsung Electronics CEO Roh Tae-moon that ⁠Vietnam wanted Samsung to remain a key partner ​in strengthening the country's technological capabilities, developing its industrial base and integrating more deeply into global value chains, according to another government statement.

• Hung praised Samsung's contribution ⁠to Vietnam's industrial development and exports, saying the country was one of the company's most important manufacturing hubs globally.

• Total exports of Samsung's mobile phone manufacturing entities in Vietnam had reached $500 billion by the end of June since ​production began 17 years ago, according to the statement.

• ⁠Samsung has so far invested $24 billion in Vietnam, the government statement said.

• Roh was ​quoted as saying that Samsung planned more ‌investment and training in Vietnam, and was ​working with the government to enable local firms to participate more deeply in itsglobal supply chain.

(Reporting by Khanh Vu; Editing by John Mair)

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