On April 1st, Vingroup Corporation (stock code: VIC) announced that it had transferred all of its shares in Movian AI Artificial Intelligence Research and Application Joint Stock Company.
Following the transfer, Mobian AI is no longer a subsidiary of Vingroup. However, the transfer value was not disclosed.
This company was established in November 2024 and is headquartered at Symphony Office Building, Chu Huy Man Street, Vinhomes Riverside Urban Area, Phuc Loi Ward, Long Bien District, Hanoi City. The legal representative is Mr. Bui Hai Hung.
Previously, on October 30, 2024, Vingroup spun off VinAI Artificial Intelligence Research and Application Joint Stock Company to establish a new subsidiary, Movian AI Company. Movian AI has a charter capital of VND 226.766 billion, with Vingroup contributing 65% of the charter capital.
Following Vingroup's announcement, Qualcomm also announced the acquisition of Movian AI. The company stated that the acquisition will enhance Qualcomm's AI research and development capabilities and accelerate the creation of advanced AI solutions for products such as smartphones, PCs, and software-defined vehicles.
"Dr. Bui Hai Hung, founder and CEO of VinAI, will join Qualcomm," the company announced.
Qualcomm announces acquisition of Movian AI (Screenshot).
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Singer Kieu Anh: I am grateful that traditional art chose me.Kiều Anh's music video "Lá ngọc cành vàng" (Jade Leaves, Golden Branches) has garnered attention for bringing traditional Vietnamese folk singing and culture into the contemporary music scene. In an interview with Construction Newspaper, she expressed her gratitude for traditional art choosing her. Qualcomm also noted that VinAI is currently a leading AI research company, renowned for its expertise in generative AI, machine learning, computer vision, and natural language processing.
The group expects that combining VinAI's advanced generative AI research and development capabilities with Qualcomm's decades of extensive R&D will expand the company's ability to drive extraordinary innovations.
"This acquisition underscores our commitment to dedicating the necessary resources to R&D, enabling us to be a driving force behind the next wave of AI innovation," said Jilei Hou, Senior Vice President of Engineering at Qualcomm Technologies, Inc.
Regarding Dr. Bui Hai Hung, he previously held key positions at Google DeepMind, Adobe Research, and Nuance Natural Language Understanding Lab. He spent nearly a decade at the AI Center, SRI International (formerly Stanford Research Institute).
Dr. Bui Hai Hung (Photo: IT).
Here, he participated in the CALO project (the largest AI project in history at the time, in 2003, and the project that created Siri), leading a multi-institutional research team in developing probabilistic inference technologies to understand user behavior. From 2000 to 2003, he worked as a lecturer (assistant professor) in computer science at Curtin University.
In late 2024, Vingroup also sold VinBrain to Nvidia.
In early 2025, Vingroup announced the establishment of two new companies: VinMotion Multipurpose Robotics Research, Development and Application Joint Stock Company and VinRobotics Multipurpose Robotics Research, Development and Application Joint Stock Company.
Vietnam encourages US businesses to expand investment in high technology.On the morning of June 26th, at the Government Headquarters, Deputy Prime Minister Ho Quoc Dung received Mr. Jeff Place, Supply Chain Director of Coherent Group (USA). During the meeting, the Deputy Prime Minister affirmed that Vietnam encourages US businesses to expand investment, especially in high-tech, innovation, and semiconductor industries. Both companies have a registered capital of 1,000 billion VND. Vingroup holds 51%, Mr. Pham Nhat Vuong holds 39%, and his two sons, Pham Nhat Quan Anh and Pham Nhat Minh Hoang, each hold 5% of the capital.
Besides Movian AI, Vingroup currently has many other subsidiaries in the fields of AI and science and technology such as VinMotion, VinBigData, VinRobotics, VinITIS, VinHMS, VinCSS, and VinTech.
Source: https://dantri.com.vn/kinh-doanh/vingroup-ban-cong-ty-ai-cho-tap-doan-qualcomm-20250402094507522.htm
