Synopsys, an American electronic design automation company, and Nvidia, a U.S. multinational technology company, have been committed to helping Vietnam foster its semiconductor industry development.

These commitments were made during Vietnamese Prime Minister Pham Minh Chinh’s visit to Silicon Valley, where the two firms are headquartered, in San Francisco, California on Monday afternoon (local time), as part of his week-long trip to the United States to attend the high-level General Debate of the 78th United Nations General Assembly (UNGA) session and other activities.

PM Chinh arrived in San Francisco on Sunday afternoon.

A representative of Synopsys told the meeting with PM Chinh that the firm has been in operation in Vietnam since 2006.

The firm aims to build a global semiconductor ecosystem, seeing Vietnam as a key base outside Silicon Valley.

The prime minister witnessed the signing of a cooperative agreement between Synopsys and the Vietnam National Innovation Center to develop a workforce of integrated circuit design.

As per the deal, Synopsys will support the center in opening a chip design incubation hub at the Hoa Lac Hi-Tech Park in Hanoi, helping promote the capacity of integrated circuit design and commercialize products quickly. 

Furthermore, Synopsys will join hands with the Authority of Information and Communications Technology Industry to establish a semiconductor research institute in Vietnam.

Meanwhile, the Vietnam Academy of Science and Technology said that it is working to form a super computing system based on Nvidia’s A100 chips.

The two sides plan to complete relevant procedures and sign a cooperation agreement on research, technology transfer, and human training in the semiconductor industry in October.

PM Chinh said that he is impressed by the strong growth of Nvidia.

The top Vietnamese official invited Huang, co-founder of Nvidia, to Vietnam, expecting the firm to build a factory in the Southeast Asian nation and consider the country its base in Southeast Asia.

Huang said that Vietnam has developed rapidly, hoping that his firm will enhance its cooperation with Vietnamese partners in the semiconductor, information technology, and artificial intelligence spheres.

Huang underlined that Vietnam might become Nvidia’s key manufacturing base in Southeast Asia.

Before leaving San Francisco for Washington D.C. on Monday night, the prime minister paid a visit to Meta Platforms, Inc., which owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services.

Speaking at the meeting with PM Chinh, Joel Kaplan, Meta vice-president for global public policy, underscored that the Vietnamese market is huge and promising.

Before the COVID-19 outbreak, Meta produced tools for the metaverse in Vietnam.

The term ‘metaverse’ refers to the integrated environment that links all of the company's products and services.

However, the pandemic disrupted its work, so the firm desires to expand its reach in Vietnam and continue producing metaverse tools in the nation in the coming years.

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