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US and Vietnam make deals on AI chips and tech worth billions
The U.S. and Vietnam completed business deals and partnerships worth billions of dollars to advance the AI, semiconductor and cloud computing industries. The United States and Vietnam formed business deals and partnerships worth billions of dollars to advance cooperation in artificial intelligence (AI) technologies and others, according to remarks from a joint press conference on Sept. 11. U.S. President Joe Biden said the move is a formal “upgrading” of the relationship between the two countries and highlights critical sectors, including cloud computing, semiconductors and AI. “We’re deepening our cooperation on critical and emerging technologies, particularly around building a more resilient semiconductor supply chain.” He continued by saying he expects the economic partnership to “spur” more trade and investment between the nations. However, he did not fail to mention that the move is “not about containing China,” but rather about having a “stable base” in the region. Heads of major companies in the space, such as Google, Intel, Boeing, Amkor, Microsoft and Nvidia, were also in attendance. This is in addition to other deals struck by Boeing and another by Amkor, which plans to open a new factory near the Vietnamese capital city of Hanoi. Beginning in October of this year, it will assemble, package and test AI chips, according to a statement from the White House. Source - Coin Telegraph
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