US and Vietnam Form Billion-Dollar Artificial Intelligence and Technology Alliances

Vice President Biden shared President Obama’s belief that the two nations will benefit economically from working together.

The statement was made in a joint news conference on September 11 to emphasize the gravity of the situation.

Vice President Joe Biden of the United States characterized this as an official “upgrading” of the bilateral relationship between the two countries, emphasizing important industries such as cloud computing, semiconductors, and artificial intelligence.

He highlighted the growing partnership in strategic and emerging technologies, especially in the area of constructing a reliable semiconductor supply chain.

Vice President Biden shared President Obama’s belief that the two nations will benefit economically from working together.

He made it clear that the goal of the project is not to confine China, but rather to create a solid foundation in the area.

Google, Intel, Boeing, Amkor, Microsoft, and Nvidia were just a few of the prominent tech giants represented at the conference.

More contracts were signed with Boeing and Amkor in particular; Amkor will begin construction on a new facility in October in the suburbs of Hanoi, Vietnam’s capital.

Artificial intelligence chips will be assembled, packaged, and tested at this building. According to Acclime, an Asian supplier of business services, Vietnam now has the 34th largest economy in the world, with a GDP of $450 billion.

The United States has grown to become one of Vietnam’s most important export customers as the country has moved away from a policy of strict economic centralization.

According to Vietnamese media, thanks to this AI-focused deal, the United States has moved up a level in the country’s bilateral hierarchy, formerly occupied by China, Russia, India, and South Korea.

Restraints on U.S.-Vietnam ties have persisted for some time because of worries about angering China and lingering tensions from the Vietnam War.

These changes occur while governments throughout the globe, most notably the United States and China, are striving to create and implement cutting-edge AI systems.

The most advanced and powerful semiconductor chips have been banned from shipment to China since October 2022, when the Biden administration enacted the regulation.

The landscape of artificial intelligence is changing fast, and collaborations like the one between the United States and Vietnam are important in this evolution.

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