Nvidia intends to invest in chip production facilities in Vietnam as the company looks to diversify its manufacturing locations beyond Taiwan. Taiwan has long been a major hub for chip production, but geopolitical tensions with China raise concerns about over-reliance on Taiwan. By building production capabilities in other countries like Vietnam, Nvidia can better mitigate potential supply chain disruptions. This move is in line with other semiconductor companies' efforts to "spread the risk" of manufacturing across multiple regions. Many firms see the need to lessen dependence on Taiwan given rising US-China tensions that threaten cross-strait relations. Vietnam is seeking to become a major player in global chip manufacturing. Its government announced Nvidia plans to turn Vietnam into a "major chip manufacturing hub."
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00:00 It's Benzinga and here's what's on the block.
00:02 NVIDIA intends to invest in chip production facilities in Vietnam as the company looks
00:06 to diversify its manufacturing locations beyond Taiwan. Taiwan has long been a major hub for chip
00:11 production but geopolitical tensions with China raise concerns about over-reliance on the country.
00:16 By building production capabilities in other countries like Vietnam,
00:19 NVIDIA can better mitigate potential supply chain disruptions. This move is in line with
00:23 other semiconductor companies' efforts to spread the risk of manufacturing across multiple regions.
00:28 Many firms see the need to lessen dependence on Taiwan given rising U.S.-China tensions
00:32 that threaten cross-strait relations. Vietnam is seeking to become a major player in global
00:37 chip manufacturing. Its government announced NVIDIA plans to turn Vietnam into a major
00:41 chip manufacturing hub. For all things money visit Benzinga.com