Monday, February 10, 2025
HomeBusinessVietnam's Leading Tech Firm FPT Begins Construction on $174 Million AI Project...

Vietnam’s Leading Tech Firm FPT Begins Construction on $174 Million AI Project in Binh Dinh Province

Must read

Nicholas Edwards
Nicholas Edwardshttps://bollywoodfever.co.in/
Nicholas Edwards is a passionate writer with a keen interest in sports and business news. With a knack for delivering insightful and engaging content, Nicholas keeps his finger on the pulse of the latest developments in these dynamic fields. His enthusiasm for both sports and business shines through in his writing, making complex topics accessible to a wide audience. Whether it's dissecting the latest game-changing play or analyzing market trends, Nicholas brings a fresh perspective and a wealth of knowledge to his articles. Email @ admin@bollywoodfever.co.in

FPT, Vietnam’s top tech firm, initiates construction on a $174 million AI project in Binh Dinh province, featuring an AI center, education zone, and urban zone.

Bollywood Fever: Vietnam’s leading technology company, FPT, along with its subsidiaries, has begun construction on a $174 million artificial intelligence (AI) project in the south-central Binh Dinh province. This development marks the company’s latest move to expand its footprint in the rapidly growing AI sector.

Vietnam's Leading Tech Firm FPT Begins Construction on $174 Million AI Project in Binh Dinh Province

The project, spearheaded by a consortium that includes FPT City Danang, FPT Investment, and FPT Software, will span an area of 93.24 hectares, according to a statement released by the company on Wednesday.

The development will feature an AI center, an education zone, and a supporting urban zone. The AI center will be the cornerstone of the project, focusing on research, software production, digital transformation support, and the provision of cybersecurity solutions.

FPT, which holds the title of the most valuable technology company on Vietnam’s Ho Chi Minh City stock exchange with a market capitalization of $7.7 billion, continues to diversify its offerings in AI, cloud computing, and big data services. Last year, the company reported total revenues exceeding $2 billion.

This project is part of FPT’s broader ambition to lead in the AI sector. In April, the company announced plans to build a $200 million AI factory utilizing Nvidia’s advanced graphics chips and software, further solidifying its commitment to becoming a key player in the global technology landscape.


Also Read other news articles, UK Pay Awards Decline as Wage Growth Slows

Volkswagen to Receive Reduced 21.3% Tariff on China-Made Cupra Tavascan in EU

Indian Rupee Strengthens as Dollar Weakens and Inflows Boost Sentiment

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article