Qualcomm completed the acquisition of VinAI division from Vingroup.

Qualcomm, an American multinational semiconductor and telecommunications equipment company, completed the acquisition of VinAI division from Vingroup, a Vietnamese conglomerate company. Financial terms were not disclosed. “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-caliber talent from VinAI, we are strengthening our ability to deliver cutting-edge AI solutions that will benefit a wide range of industries and consumers,” Jilei Hou, Qualcomm Technologies Senior Vice President.