Vietnam’s Prime Minister Courts US Firms And Seeks Investment In The Chip Sector

Vietnam’s Prime Pham Minh Chinh has visited the central command of Nvidia and Synopsys, empowering them and other U.S. tech firms to put further in the Southeast Asian country’s semiconductor industry.

During his visit to the United States, a government statement said that Chinh told a technology business forum in San Francisco, “Vietnam is willing to open its doors to all investors to invest and do business there.”

Chinh’s excursion comes closely following a visit by U.S. President Joe Biden to Hanoi this month during which the two chiefs declared superior bilateral relations and plans to extend collaboration in a few regions, including chips, man-made intelligence and basic minerals.

Chinh promised to work with future ventures by Nvidia and Synopsys in Vietnam, the assertion said.

Synopsys, which has plans to construct chip configuration in Vietnam, on Monday marked updates of understanding with Vietnam’s data service and with the venture service.

Nvidia, a top provider of servers to Vietnam, and Synopsys didn’t quickly answer Reuters demands for input.

U.S. chipmaker Intel has its greatest production line for gathering, bundling and testing contributes southern Vietnam, while rival Amkor is building an enormous plant for semiconductor assembly and testing close to Hanoi.

Chinh is in the U.S. for the Unified Countries General Gathering this week, after which he intends to visit Brazil.