American chipmaker Qualcomm has acquired a 65% stake in Vietnamese artificial intelligence firm Movian AI from conglomerate Vingroup.

VOV.VN - Vietnam currently hosts 174 foreign direct investment (FDI) projects in the semiconductor industry, with a total registered capital of US$11.6 billion, according to the Ministry of Planning and Investment (MPI).

Vietnam expects to attract US$39-40 billion in foreign direct investment (FDI), according to forecasts to the end of the year.

The boom of the semiconductor sector is said to have a direct impact on the industrial realty sector as demand for factories has been on the rise, according to experts.

Vietnam has chances to become a technology hub in region, ST Liew, Vice President of Qualcomm CDMA Technologies Asia-Pacific Pte. Ltd., and President of Qualcomm South East Asia, Australia and New Zealand, has said.

Minister of Information and Communications Nguyen Manh Hung expressed his hope for stronger partnerships between Qualcomm Incorporated and technology companies of Vietnam, while receiving an executive of the US firm in Washington D.C. on May 12.

Ten startups in promising new technology areas will receive financial benefits of US$10,000 each from Qualcomm, and be invited for months of technical and business incubation, the semiconductor producer announced on March 16.

Viettel has successfully researched, tested and established a 5G data transmission speed of more than 4.7Gb per second.

Bkav, a Hanoi-based technology firm, has exported its first batch of Bphone to the EU, according to the company’s Chairman Nguyen Tu Quang.

The Hoa Lac Hi-Tech Park in Hanoi has attracted 93 investment projects with registered capital of more than VND90.25 trillion (US$3.9 billion) so far, including more than VND7.95 trillion in investment approved last year, the Ministry of Science and Technology has said.