FPT Announces US Investment, Workforce Development for AI and Semiconductor amid Biden's Vietnam Visit
On the occasion of US President Joe Biden’s State Visit to Vietnam, FPT Corporation (FPT) Chairman Truong Gia Binh called for collaboration and state support from Vietnam and US governments in workforce development, artificial intelligence (AI), and semiconductor industry.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230911189722/en/
FPT Chairman joins US President Biden and Vietnam Prime Minister Pham Minh Chinh at the Vietnam – US Innovation & Investment Summit on September 11 in Hanoi (Photo: Duong Giang)
The statement was delivered at the Vietnam – US Innovation & Investment Summit held on September 11 in Hanoi, with the participation of Vietnam Minister of Planning and Investment Nguyen Chi Dzung, US Secretary of State Antony Blinken, and both countries’ delegations. Participating in the panel discussion as one of Vietnam’s representative businesses, FPT Chairman emphasized the company’s steadfast commitment to advancing technology and strengthening bilateral ties between Vietnam and the US.
FPT’s proposal to the US government includes two primary focuses. Firstly, FPT advocates for comprehensive policies from the US government to nurture Vietnam's growth as a semiconductor ecosystem. Vietnam'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.
Secondly, FPT seeks investment and support for FPT University's initiatives in training engineers specializing 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 programs for undergraduate, college, and postgraduate students starting in 2024.
FPT's strategic priorities closely align with critical agreements between the US and Vietnam, with the semiconductor industry and its workforce development as the centerpiece of the action plan unveiled during President Biden's visit. Since establishing its semiconductor subsidiary in 2022, FPT’s power management integrated circuits (PMICs) have completed the development phase and proceeded with mass production, with a plan to supply 25 million chips globally in the next two years.
FPT entered the American market in 2008 and has become a trusted partner of over 300 clients, including more than 30 companies on the Fortune 500 list. The United States stands as one of FPT's most important overseas markets, boasting the highest profit contribution with a 50% growth rate in 2022. By the end of 2023, FPT anticipates an investment of USD 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 USD 1 billion in revenue from the US market by 2030.
About FPT Corporation
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. During over three decades of development, FPT has constantly provided practical and effective products to millions of people and tens of thousands of business and non-business organizations worldwide, establishing Vietnam’s position on the global tech map. Keeping up with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions and platforms, which enables sustainable growth for organizations and businesses and offers distinctive experiences to customers. In 2022, FPT recorded total revenue of US$1.87 billion and 60,000+ employees. For more information, please visit https://fpt.com.vn/en
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230911189722/en/
Contact information
Media
Mai Duong (Ms.)
FPT Software
PR Manager
MCP.PR@fpt.com
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
SLB Announces Third-Quarter 2023 Results Conference Call22.9.2023 20:00:00 EEST | Press release
SLB (NYSE:SLB) will hold a conference call on October 20, 2023 to discuss the results for the third quarter ending September 30, 2023. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313. A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until November 20, 2023, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outsid
Energy Dome's CO2 Battery™ to Revolutionize U.S. Energy Landscape With First Installation Slated for 202622.9.2023 18:45:00 EEST | Press release
A groundbreaking development in sustainable energy storage is on the horizon for Columbia County, Wisconsin, U.S., spearheaded by Alliant Energy in collaboration with Energy Dome and other key stakeholders. Alliant Energy has just announced its selection to receive a federal grant of up to approximately $30 million from the U.S. Department of Energy's Office of Clean Energy Demonstrations (OCED) for the pioneering Columbia Energy Storage Project, a proposed 200-megawatt hour energy storage system, based on Energy Dome’s signature technology: the CO2 Battery™. This visionary battery system, aptly named the “Columbia Energy Storage Project”, is poised to be a trailblazer in the United States, marking a pivotal stride towards a more sustainable, reliable, and cost-effective energy future. Claudio Spadacini, CEO of Energy Dome, declared: “I’m honored to be part of this remarkable journey alongside Alliant Energy. The Columbia Energy Storage Project marks the genesis of a new era, where the
Settlement Administrator Angeion Group Announces Proposed Settlement In U.S. Dollar LIBOR-Based Instrument Class Action22.9.2023 16:00:00 EEST | Press release
There are lawsuits impacting individuals and institutions that entered into over-the-counter financial derivative and non-derivative instruments directly with 17 banks and that received payments tied to U.S. Dollar LIBOR. A Settlement totaling $101 million has been reached with Coöperatieve Rabobank U.A. (“Rabobank”), Lloyds Banking Group plc, Lloyds Bank plc, HBOS plc, and Bank of Scotland plc (together, “Lloyds”), Royal Bank of Canada (“RBC”), and Portigon AG and Westdeutsche Immobilien Servicing AG (together “Portigon”). Earlier settlements totaling $680 million were reached with Barclays, Citibank, Deutsche Bank, HSBC, MUFG, Norinchukin, and SocGen bringing the total settlement amount to $781 million. The remaining Non-Settling Defendants include Bank of America, Credit Suisse, JPMorgan Chase, Royal Bank of Scotland, and UBS. What does the Settlement provide? The Settlement will create a Settlement Fund totaling $101 million that will be used to pay eligible Class Members who submi
Kenvue to Announce Third Quarter 2023 Results on October 26, 202322.9.2023 13:30:00 EEST | Press release
Kenvue Inc. (NYSE: KVUE) (“Kenvue”), the world’s largest pure-play consumer health company by revenue, will announce its financial results for the third quarter ending October 1, 2023, before market open on October 26, 2023. The company will host a conference call and webcast at 8:30 a.m. Eastern Time to discuss its third quarter results. The conference call can be accessed by dialing 877-407-8835 from the U.S. or 201-689-8779 from international locations. A live webcast of the conference call will be available at https://investors.kenvue.com. A replay will be available approximately two hours after the live event. About Kenvue Kenvue is the world’s largest pure-play consumer health company by revenue. Built on more than a century of heritage, our iconic brands, including Aveeno®, BAND-AID® Brand Adhesive Bandages, Johnson’s®, Listerine®, Neutrogena® and Tylenol®, are science-backed and recommended by healthcare professionals around the world. At Kenvue, we believe in the extraordinary
OS Achieves 800-Puff Milestone with FEELM Max Technology22.9.2023 12:34:00 EEST | Press release
A significant mark in the vaping industry was set when OS Vape, a pioneering disposable product series from OS, showcased its dynamic range at the InterTabac from September 14th to 16th in Germany. Recognized as a leading brand in Germany's shisha product market, OS boasts an extensive local network of channels. Drawing upon this rich resource base, OS's foray into the disposable e-cigarette domain promises consumers enhanced puff counts, cost-efficiency, and unparalleled vapor consistency. As revealed by Future Marketing Insights, Europe's disposable market witnessed a substantial surge, accounting for a 32.3% revenue share in 2022. This robust growth underscores the escalating consumer preference for hassle-free, smokeless alternatives that eliminate the need for recharges or refills. The evolution of the disposable sector brings heightened convenience and a broader array of choices for consumers. Capitalizing on this trend, OS, through its innovative product series and leveraging it
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom