Chairman of FPT Trương Gia Bình (right) exchanges view with representatives of the US delegation at the Vietnam – US Innovation & Investment Summit held on September 11 in Hà Nội. — Photo courtesy of the company
On the occasion of US President Joe Biden’s State Visit to Việt Nam, FPT Corporation (FPT) Chairman Trương Gia Bình called for collaboration and state support from Việt Nam and the US in workforce development, artificial intelligence (AI), and the semiconductor industry.
At the Việt Nam–US Innovation & Investment Summit, FPT’s proposal to the US government includes three primary focuses. It first calls for direct investment and the removal of Việt Nam from the "country risk" list of the US, a move that would signal increased confidence and collaboration between both nations’ businesses. The investment will also be particularly transformative for FPT’s participation in the Open-Source AI Alliance led by US tech giants, including IBM, Meta, Intel and Dell.
Second, FPT advocates for comprehensive policies from the US government to nurture Việt Nam's growth as a semiconductor ecosystem. Việt Nam's leading corporation also proposes that its government invest in the training of 30,000 to 50,000 semiconductor professionals to meet this sector’s increasing demand.
Finally, FPT seeks investment and support for FPT University's initiatives in training engineers specialising in both semiconductor chip design and AI, aiming to bolster the workforce's capabilities in these critical fields. With AI training being a strategic investment of the Corporation, FPT also announces the comprehensive strategic partnership with Landing AI, one of the US's leading Computer Vision Platform and AI Software companies, to accelerate AI integration across its comprehensive educational system, FPT Education. FPT University also recently established its Semiconductor Circuit Faculty, which will provide training programmes for undergraduate, college, and postgraduate students starting in 2024.
FPT's strategic priorities closely align with critical agreements between the US and Việt Nam, with the semiconductor industry and its workforce development as the centrepiece of the action plan unveiled during President Biden's visit. Since establishing its semiconductor subsidiary in 2022, FPT’s product line has gone through three improvements and has reached mass production, with a plan to supply 25 million chips globally by the end of 2023.
FPT entered the American market in 2008 and this market stands as one of FPT's most important overseas markets, boasting the highest profit contribution with a 50 per cent growth rate in 2022. By the end of 2023, FPT anticipates an investment of US$100 million and a workforce of nearly 1,000 employees in this market. With continuous investments, FPT expects to create 3,000 more jobs by 2028 and reach $1 billion in revenue from the US market by 2030. — VNS