News

Thien Viet Securities (TVS) served as the exclusive financial advisor to VinAI in the strategic divestment of its Generative AI division to Qualcomm – one of the world’s leading technology corporations.

According to Qualcomm’s announcement, the company has completed the acquisition of MovianAI Artificial Intelligence Application and Research JSC (MovianAI), the former Generative AI division of VinAI and part of the Vingroup ecosystem. This strategic transaction marks a significant milestone in the development of Vietnam’s AI sector and reflects the increasing global interest in Vietnamese tech companies.

VinAI, a subsidiary of Vingroup, is widely recognized for its R&D capabilities in Generative AI, machine learning, computer vision, and natural language processing (NLP). Post-acquisition, VinAI’s Generative AI division will be integrated into Qualcomm’s global ecosystem to accelerate the development of cutting-edge AI solutions across industries, from smartphones and PCs to software-defined vehicles.

"This landmark acquisition marks a significant moment in Vietnam's M&A landscape, showcasing the growing global recognition of the country's technology and AI sector. The Qualcomm-VinAI deal is a testament to the incredible potential of Vietnam's innovation ecosystem, and we are proud to have played a pivotal role in advising VinAI in this transformative transaction”, said Nguyen Hoa Chung, Managing Director, Investment Banking Division, TVS. “This deal not only highlights the strength of Vietnamese AI research but also reinforces the country's strategic position in the global tech industry." 

Photo: TVS 

Qualcomm stated that the integration of talent and technology from VinAI will further strengthen its innovation efforts in the evolving AI landscape. "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," said Jilei Hou, senior vice president of engineering, Qualcomm Technologies, Inc. "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."

Dr. Hung Bui, founder and CEO of VinAI, expressed, "We are excited to join Qualcomm and contribute to their mission of making breakthroughs in fundamental AI research and scaling these innovations across industries, including smartphones, PCs, and software-defined vehicles. 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."

---

About Qualcomm
Qualcomm is a global leader in enabling a connected world, providing the technologies that power innovations across industries, including mobile, automotive, and AI. Qualcomm's decades of experience in R&D continues to drive advancements in 5G, AI, IoT, and next-generation smart devices, transforming industries and enhancing global digital connectivity.

About VinGroup
VinGroup is one of Vietnam's largest and most diversified conglomerates, with investments spanning real estate, shopping malls, robotics, and automotive. The company is committed to technological innovation and sustainability, with forward-thinking subsidiaries like VinAI playing a crucial role in driving Vietnam's AI advancements.

About TVS
Thien Viet Securities (TVS) is a pioneering boutique merchant investment bank in Vietnam, founded in 2006, with core services in asset management, M&A advisory, private placements, and IPOs. TVS has an established track record in high-profile transactions including Diana – Unicharm, CII – Metro Pacific, Nam Long – Goldman Sachs/IFC, and most recently Qualcomm – VinAI. The firm also actively invests in promising Vietnamese startups such as MoMo, Finhay, and Nhi Dong 315, helping to shape the country’s entrepreneurship and digital ecosystem.