U.S. semiconductor powerhouse Nvidia (NVD) is slated to engage in discussions on semiconductor collaboration with Vietnamese tech entities and governmental authorities during a meeting scheduled for Monday in Hanoi. An invitation letter obtained by Reuters revealed the plans for this meeting.

Vietnam, housing significant chip assembly facilities, including Intel’s largest globally, is actively seeking to expand into chip design and potentially chip manufacturing.

Jensen Huang, the President and CEO of Nvidia, is set to meet with representatives from the Vietnamese government and local companies on Monday to explore avenues for enhancing the semiconductor industry in Vietnam. The invitation letter for this private event specifically mentions discussions about Nvidia’s potential partnerships with Vietnamese tech firms.

The Ministry of Planning and Investment in Vietnam stated that Huang and other executives from Nvidia would hold a work meeting at the Vietnam National Innovation Center (NIC Hoa Lac) in Hanoi on Monday. The agenda includes meetings with ministry officials, city and industrial parks’ leaders, and representatives from Vietnamese industrial corporations. Companies such as FPT and state-owned Viettel, involved in Vietnam’s semiconductor industry, are expected to participate.

While FPT, Vingroup (parent company of VinFast), and Viettel confirmed their attendance at the meeting with Nvidia, they refrained from commenting on any potential agreements.

According to an industry source familiar with the preparations, there are expectations that Nvidia might finalize a tech transfer deal with at least one Vietnamese company.

Nvidia, known for producing AI chips and graphics processing units, has previously collaborated with leading tech companies in Vietnam to implement AI in cloud computing, automotive, and healthcare industries. This information was disclosed in a document published by the White House in September when diplomatic relations between Washington and Vietnam were upgraded.