Vietnam's top tech firm FPT eyes AI, chips growth, no immediate plans for US IPO

Vietnam's leading tech firm FPT has orders for nearly 70 million chips through 2025 and is eyeing expansion in Artificial Intelligence (AI) and technical training, the company's chief said. It offers AI, cloud and big data services to clients in 29 countries and is also growing in chip designing and education. FPT sealed a partnership with U.S. firm Landing AI to boost its training capabilities, the company said. The new law was a "game-changer" because it created the conditions for foreign countries, "other than China", to expand, and U.S. pledges this week to boost Vietnam's chips sector further confirmed that, he said. FPT already hosts thousands of students in its campus, and aims to fill the training gap in Vietnam's chips engineering workforce which experts estimate needs to be boosted tenfold over the next decade to 50,000.