CMC Corp, a Vietnamese technology company, announced a $250 million investment in 1,000 NVIDIA GH 200 AI chips to boost development across six key areas such as AI and the Internet of Things (IoT). With strategic backing from Samsung holding 30% of shares, CMC Corp has experienced strong profit growth, projected to reach 428 billion VND for the 2024-25 fiscal year. The company is aiming for a revenue target of $1 billion by 2028, with a compound annual growth rate (CAGR) of 28%. The Vietnamese government is also prioritizing digital economy and technology development, marking a new era for CMC Corp in sectors such as Data Centers and cloud computing. ACBS believes CMC Corp is poised to achieve significant revenue goals, further establishing its position in the technology sector in Vietnam.
Leave a Reply