US chipmaker Qualcomm buys Vingroup's artificial intelligence company

(NLDO)- America's leading chip company - Qualcomm has just announced the acquisition of Movian AI Artificial Intelligence Research and Application Joint Stock Company from Vingroup Corporation.

On April 1, Vingroup Corporation (stock code: VIC) announced the transfer of all shares in Movian AI Artificial Intelligence Research and Application Joint Stock Company. After the transaction, Movian AI is no longer a subsidiary of Vingroup.

This morning, April 2, the website of Qualcomm - the leading US chip company announced the acquisition of MovianAI. The value of the deal was not disclosed.

“This acquisition underscores our commitment to dedicating the necessary resources to R&D, positioning us to be the engine driving the next wave of AI innovation,” said Jilei Hou, senior vice president of engineering at Qualcomm Technologies, Inc.

By attracting highly qualified talent from VinAI, we are enhancing our ability to deliver cutting-edge AI solutions that benefit a wide range of industries and consumers.”

Qualcomm buys Vingroup's artificial intelligence company

Qualcomm said Bui Hai Hung, co-founder and CEO of Movian AI, will join the company.

Qualcomm, known for its Snapdragon chips, is a major smartphone chip supplier and is benefiting from the smartphone market.

In Vietnam, the chip company opened a research and development (R&D) center in Hanoi in 2020. This is also the company's first R&D facility in Southeast Asia. The center focuses on wireless technology (4G, 5G) and the Internet of Things (IoT).

Nvidia previously acquired Vingroup's AI unit, VinBrain, the deal was announced when CEO Jensen Huang visited Vietnam in late 2024.

Source: https://nld.com.vn/hang-chip-qualcomm-cua-my-mua-cong-ty-tri-tue-nhan-tao-cua-vingroup-196250402094127477.htm