During the State Visit of US President Joe Biden to Vietnam, FPT Corporation (FPT) Chairman Truong Gia Binh presented a compelling call for collaboration and government support in the areas of workforce development, artificial intelligence (AI), and the semiconductor industry. Chairman Binh’s announcement took place at the Vietnam – US Innovation & Investment Summit held in Hanoi on September 11, a momentous occasion attended by high-ranking officials including Vietnam Minister of Planning and Investment Nguyen Chi Dzung, US Secretary of State Antony Blinken, and delegations from both nations.
As one of Vietnam’s representative businesses at the summit, FPT Corporation underscored its unwavering commitment to advancing technological capabilities and fostering stronger ties between Vietnam and the United States.
FPT Corporation’s proposal to the US government encompasses two key objectives. Firstly, it advocates for the formulation of comprehensive policies by the US government to nurture Vietnam’s growth as a thriving semiconductor ecosystem. The corporation also proposes substantial investment in training programs for 30,000 to 50,000 semiconductor professionals to meet the growing demands of this sector.
Secondly, FPT seeks investment and support for FPT University’s initiatives aimed at training engineers with specialization in both semiconductor chip design and AI technologies, with the ultimate goal of enhancing the workforce’s capabilities in these vital fields. In a strategic move, FPT Corporation has also announced a comprehensive partnership with Landing AI, a leading Computer Vision Platform and AI Software company in the United States. This partnership is set to expedite the integration of AI technologies throughout FPT’s comprehensive educational system, FPT Education. Moreover, FPT University recently inaugurated its Semiconductor Circuit Faculty, which will commence training programs for undergraduate, college, and postgraduate students, starting in 2024.
FPT’s strategic priorities align closely with the significant agreements forged between the United States and Vietnam during President Biden’s visit. At the heart of this action plan lies the semiconductor industry and the imperative need for workforce development. Since the establishment of its semiconductor subsidiary in 2022, FPT has successfully navigated the development phase of power management integrated circuits (PMICs) and is now poised for mass production. The company has set an ambitious target to supply 25 million chips globally over the next two years.
Having entered the American market in 2008, FPT Corporation has cultivated a reputation as a trusted partner for over 300 clients, including more than 30 Fortune 500 companies. The United States holds a pivotal position as one of FPT’s most critical overseas markets, contributing significantly to the company’s profitability with an impressive 50% growth rate in 2022. By the conclusion of 2023, FPT anticipates an investment of USD 100 million and the employment of nearly 1,000 individuals in the US market. With sustained investments, FPT aspires to create an additional 3,000 jobs by 2028 and aims to achieve USD 1 billion in revenue from the US market by 2030.
FPT Corporation’s commitment to fostering technology, innovation, and collaboration between Vietnam and the United States underscores the vital role the company envisions in driving progress in these crucial sectors. The corporation’s proposals and strategic initiatives echo the broader efforts to strengthen international partnerships and foster technological advancement in the global landscape.
