Nvidia wants to set up Vietnam semiconductor base

HANOI, Dec 11 (AFP): US chip giant Nvidia wants to set up a base in Vietnam to develop its semiconductor industry, its CEO was quoted as saying by the Vietnamese government.
Jensen Huang, chairman and CEO of the Silicon Valley chip titan, is visiting the Southeast Asian country as it looks to boost investment in its growing semiconductor industry.
During a meeting with Vietnam's Prime Minister Pham Minh Chinh, Huang said Nvidia wants to set up a base in the country, according to a report published late Sunday on the government's official website.
The report said Huang rated Vietnam's potential in the IT sector highly, and said Nvidia had invested around $250 million in the country.