The Vietnam Holding Investment Trust’s largest portfolio company FPT is expanding its artificial intelligence business in Japan using Nvidia chips, according to reports by Nikkei Asia.
Last week, Dynam Capital’s Chairman Craig Martin joined us on the UK Investor Magazine Podcast to discuss FPT’s international presence, which has really ramped up a gear with $200m investment in AI data centres in Japan.
Vietnam is attracting interest from major multinational semiconductor companies, including Nvidia, which plans to build an R&D centre there as part of a strategic partnership with FPT.
However, FPT is demonstrating the Vietnamese technology company’s prowess on the global stage by expanding its cloud operations into Japan to service the burgeoning artificial intelligence industry.
FPT will target the establishment of data centres in Japan using Nvidia chips to service the technological demands of Japan’s financial institutions. Nikkei Asia reported that FPT will increase its Japanese staff count to around 5,000 from the current level of 3,500.
“We will launch the services by January or February next year. That’s why we need to buy and deploy the hardware from Nvidia and start running the data center by December of this year,” said Pham Minh Tuan, chief executive officer and president of FPT Corp’s tech subsidiary FPT Software, in an interview with Nikkei Asia.
FPT is the Vietnam Holding Investment Trust’s largest portfolio holding, accounting for around 15% of NAV.