Latest news with #MovianAI
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Qualcomm to Expand Into Data Centers With Alphawave Semi Buyout
Qualcomm Incorporated QCOM has inked a definitive agreement to acquire Alphawave Semi for an enterprise value of approximately $2.4 billion. The transaction, subject to the fulfillment of closing conditions and other mandatory regulatory approvals, is likely to be completed in the first quarter of 2026. The deal will offer Qualcomm an opportunity to expand its presence in high-growth applications, including data centers, artificial intelligence (AI), data networking and data storage. With advanced technology solutions that are complementary to power-efficient CPU and NPU cores, Alphawave Semi delivers connectivity products and chiplets that drive faster, more reliable data transfer with higher performance and lower power consumption for 5G wireless, AI and data center applications. The acquisition of this U.K.-based chip firm will likely enable Qualcomm to be the driving force of the next wave of AI innovation. In April, Qualcomm acquired MovianAI, the former generative AI division of VinAI, a prominent Vietnam-based AI company. The acquisition provided Qualcomm access to VinAI's comprehensive expertise in generative AI, machine learning, computer vision and natural language processing, significantly accelerating its fundamental AI research. The integration of VinAI's portfolio with Qualcomm's extensive R&D expertise facilitated the development of state-of-the-art AI-driven solutions for a wide range of industries, including smartphones, PCs, software-defined vehicles and more. Other Tech Firms Focusing on AI Chips Intel Corporation INTC has launched the Intel Core Ultra (Series 2) processors engineered to redefine mobile computing for a wide range of use cases such as gaming, content creation, IT applications and various other businesses. This state-of-the-art lineup brings significant advancements in AI capabilities, improved performance and efficiency, setting new standards for AI computing. Intel has also introduced a new lineup of leading-edge processors to support AI workloads for edge devices. The Intel Core Ultra processors offer greater scalability, energy efficiency and impressive performance at the edge for a diverse range of use cases such as industrial IoT, autonomous vehicles and more. Advanced Micro Devices, Inc. AMD has strengthened its position in the semiconductor market on the back of its evolution as an enterprise-focused company from a pure-bred consumer-PC chip provider. The latest MI300 series accelerator family strengthens its competitive position in the generative AI space. The accelerator from Advanced Micro is based on AMD CDNA 3 accelerator architecture and supports up to 192 GB of HBM3 memory, enabling efficient running of large language model training (up to 80 billion parameters) and inference for generative AI workloads. Advanced Micro is also benefiting from strong enterprise adoption and expanded cloud deployments. QCOM's Price Performance, Valuation and Estimates Qualcomm shares have declined 26.1% over the past year against the industry 's growth of 15.3%. Image Source: Zacks Investment Research Going by the price/earnings ratio, the company's shares currently trade at 13.18 forward earnings, lower than 30.77 for the industry and the stock's mean of 17.33. Earnings estimates for 2025 have decreased 0.17% to $11.8 per share over the past 60 days, while the same for 2026 have declined 4.1% to $12.07. Qualcomm stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intel Corporation (INTC): Free Stock Analysis Report QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report
Business Times
10-06-2025
- Business
- Business Times
US tech giant Qualcomm opens AI R&D centre in Vietnam, its third largest after India, Ireland
[HO CHI MINH CITY] Qualcomm on Tuesday (Jun 10) launched its artificial intelligence (AI) research and development (R&D) centre in Vietnam's capital, Hanoi. This is the US tech giant's third-largest R&D centre in the world, after those in India and Ireland, noted Hou Jilei, vice-president of engineering at Qualcomm Technologies, as he spoke with Vietnam's Deputy Prime Minister Nguyen Chi Dung earlier in April. The company has already been operating an R&D centre in Hanoi since 2020, among a network of its multiple research and development (R&D) operations outside its headquarters in San Diego, California. The new centre aims to capitalise on the South-east Asian country's extensive talent pool to develop generative AI (GenAI) and agentic AI solutions applied to various sectors, including smartphones, personal computers, extended reality technologies, automobiles and Internet of Things. Thieu Phuong Nam, country director for Qualcomm Vietnam, Cambodia and Laos, said that the combination of Vietnamese talents with Qualcomm's global scale and expertise could 'strengthen Vietnam's role in the global innovation value chain'. 'This also serves as a vivid testament to the deepening comprehensive strategic partnership between Vietnam and the US,' said Le Xuan Dinh, Vietnam's deputy minister of science and technology, during his appearance at the event on Tuesday morning. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up In April, Qualcomm finalised its acquisition of MovianAI, a GenAI subsidiary of Vietnam's private conglomerate Vingroup, for an undisclosed amount. Established in 2024, MovianAI is a former division of VinAI – another firm in the Vingroup ecosystem. Following the transaction, Dr Bui Hai Hung, former chief executive at VinAI, has joined Qualcomm to lead the AI research strategy of the local centre and contribute to shaping Qualcomm AI research at the global level. Last December, US chipmaker Nvidia also announced its acquisition of Vingroup's affiliate firm VinBrain as well as its plan to open an R&D centre in Vietnam to bolster AI development, without providing details. These moves align with Vietnam's strategy to attract global giants to establish high-tech facilities and projects in the country. Its Investment Support Fund offers government subsidies covering up to 50 per cent of initial investment costs for the establishment of R&D centres focused on semiconductors and AI in Vietnam. Domestic conglomerates are also fuelling the AI race through the establishment of various new tech hubs. In March, Vietnam's home-grown tech champion, FPT Group, launched its R&D centre at the newly opened Software Park No 2 in the central city of Da Nang, with a focus on AI and semiconductors. The hub gathers 500 technology experts and aims to develop at least 10 new products each year for the software and telecommunications giant. On Jun 1, FPT's archrival, CMC Corporation, also broke ground on the CMC Creative Space in Hanoi – the second location in the chain after the first one in Ho Chi Minh City. The new US$300 million office complex is designed to become an open AI centre, encompassing a data centre, R&D space, training area and startup incubation zone for more than 5,000 technology engineers.
Business Times
10-06-2025
- Business
- Business Times
US tech giant Qualcomm opens AI R&D centre in Vietnam
[HO CHI MINH CITY] Qualcomm on Tuesday (Jun 10) launched its artificial intelligence (AI) research and development (R&D) centre in Vietnam's capital, Hanoi. The US giant wants to develop the new facility as its third-largest R&D centre, behind those in India and Ireland, noted Jilei Hou, vice-president of engineering at Qualcomm Technologies, as he spoke with Vietnam's Deputy Prime Minister Nguyen Chi Dung earlier in April. The company has already operated an R&D centre in Hanoi since 2020, among a network of its multiple R&D operations outside of its headquarters in San Diego, California. The new centre aims to capitalise on the South-east Asian country's extensive talent pool to develop generative AI (GenAI) and agentic AI solutions applied to various sectors, including smartphones, personal computers, extended reality (XR) technologies, automobiles and Internet of Things (IoT). 'This also serves as a vivid testament to the deepening comprehensive strategic partnership between Vietnam and the US,' said Le Xuan Dinh, Vietnam's Deputy Minister of Science and Technology, during his appearance at the event on Tuesday morning. In April, Qualcomm finalised its acquisition of MovianAI, a GenAI subsidiary of Vietnam's private conglomerate Vingroup, for an undisclosed amount. Established in 2024, MovianAI is a former division of VinAI – another firm in the Vingroup ecosystem. A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up Last December, US chipmaker Nvidia also announced its acquisition of Vingroup's affiliate firm VinBrain as well as its plan to open an R&D centre in Vietnam to bolster AI development, without providing details. These moves align with Vietnam's strategy to attract global giants to establish high-tech facilities and projects in the country. Its Investment Support Fund offers government subsidies covering up to 50 per cent of initial investment costs for the establishment of R&D centres focused on semiconductors and AI in Vietnam. Domestic conglomerates are also fuelling the AI race through the establishment of various new tech hubs. In March, Vietnam's home-grown tech champion, FPT Group, launched its R&D centre at the newly opened Software Park No 2 in the central city of Da Nang, with a focus on AI and semiconductors. The hub gathers 500 technology experts and aims to develop at least 10 new products each year for the software and telecommunications giant. On Jun 1, FPT's archrival, CMC Corporation, also broke ground on the CMC Creative Space in Hanoi – the second location in the chain after the first one in Ho Chi Minh City. The new US$300 million office complex is designed to become an open AI centre, encompassing a data centre, R&D space, training area and startup incubation zone for more than 5,000 technology engineers.
Yahoo
03-04-2025
- Automotive
- Yahoo
Qualcomm acquires MovianAI to strengthen genAI portfolio
US chipmaker Qualcomm has announced the acquisition of Vietnamese AI developer MovianAI for undisclosed sum. MovianAI is the generative AI (genAI) arm of VinAI Application and Research JSC, a machine learning research lab. VinAI is a unit of Vingroup, one of Vietnam's largest conglomerates. Led by Dr Hung Bui, former Google DeepMind research scientist, MovianAI's parent organisation VinAI's generative AI team has significant expertise in AI, from advanced research to the development of customised AI models and engineering. Commenting on the acquisition, Bui, the founder and CEO of VinAI said: 'We are ready to contribute to Qualcomm's mission of making breakthroughs in fundamental AI research and scale them across industries, including smartphones, PCs, software-defined vehicles, and more. 'Our team's expertise in generative AI and machine learning will help accelerate the development of innovative solutions that can transform the way we live and work.' The integration of VinAI's generative AI research and development (R&D) capabilities with Qualcomm's R&D efforts is expected to enhance the company's ability to innovate in the AI sector, the chipmaker said. Qualcomm Technologies engineering senior vice-president Jilei Hou said: 'This acquisition underscores our commitment to dedicating the necessary resources to R&D that makes us the driving force behind the next wave of AI innovation. 'By bringing in high-calibre talent from VinAI, we are strengthening our ability to deliver cutting-edge AI solutions that will benefit a wide range of industries and consumers.' For more than two decades, Qualcomm is said to have collaborated with the Vietnamese technology ecosystem to develop and deliver new solutions. In October 2024, UK-based semiconductor company Arm Holdings notified Qualcomm of the cancellation of their architectural license agreement. "Qualcomm acquires MovianAI to strengthen genAI portfolio" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
