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US, Vietnam firms hold business summit during Biden visit; AI deals unveiled

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Executives at top U.S. and Vietnamese firms in the semiconductor, tech and aviation sectors are meeting on Monday as part of U.S. President Joe Biden's visit to Hanoi, seeking to forge business partnerships with new deals in AI unveiled.

The White House also highlighted the number of chip-related investments by U.S. firms in Vietnam, including plans by Marvell and SynopsysA new $1.6 billion Amkor factory near Hanoi that will assemble, package and test chips is due to start operations in October, it added.

The investment value is on par with Intel's $1.5 billion chip assembling plant in the south of the country - the company's biggest worldwide. Sources50 Boeing 737 Max jets, the White House said, in an agreement that a source told Reuters was valued at about $7.5 billion.will cooperate with a Vietnamese partner to launch a pilot project to develop Vietnam's first battery energy storage system, the White House also said.

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