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Top US Chipmakers and Tech Firms to Attend Vietnam Meeting as Biden Visits

Updated: Jan 8

Top US chipmakers and tech firms, including Intel, GlobalFoundries and Google, are set to attend a business meeting in Hanoi, Vietnam, as President Joe Biden visits the country to strengthen ties.

U.S. President Joe Biden
Credits: Reuters

The meeting aims to solidify US plans to enhance Vietnam's role in chipmaking and reduce reliance on China. Executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing are expected to be in attendance. The meeting will focus on the semiconductor industry and its potential for growth in Vietnam.


The companies involved have already made investments in the country and Vietnam itself has ambitions to establish its own chipmaking factories.


The meeting, which is still being organised, will bring together around 30 top executives and officials. It is unclear whether any announcements will be made during the meeting. However, the presence of these major US chip companies highlights the importance of the event. Semiconductors will be a key topic of discussion during President Biden's visit to Vietnam.


Intel, for example, already has a $1.5 billion factory in southern Vietnam, which is the largest in its global network. The company has plans to expand its operations in the country. Amkor is also building a state-of-the-art mega factory for semiconductor assembly and testing near Hanoi. Marvell intends to establish a world-class center in Vietnam. These investments demonstrate the potential for growth in the chipmaking industry in Vietnam.


Vietnam aims to become a major player in chipmaking and has been seeking advice from major chip companies, including Intel, Samsung and Qualcomm, on setting up its first chip fabrication facility. The country is already a significant exporter of smartphones and electronics.


In addition to chipmaking, the meeting may also foster collaboration on artificial intelligence (AI). Google, a major global player in AI, could contribute to the development of this sector in Vietnam. Vingroup, Vietnam's largest conglomerate, has a unit focused on AI and is actively involved in this field.


Vietnam aims to establish its own chipmaking factories and has sought advice from major chip companies. The meeting is expected to be a significant step in strengthening ties between the US and Vietnam.

 
  • Top US chipmakers and tech firms, including Intel, GlobalFoundries and Google, will attend a business meeting in Vietnam as President Biden visits.

  • The meeting aims to enhance Vietnam's role in chipmaking and reduce reliance on China.

  • Executives from Google, Intel, Amkor, Marvell, GlobalFoundries and Boeing are expected to be in attendance.

Source: Reuters

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