Victory Giant: NVIDIA's Key Partner Invests Over $800 Million in AI Factory in Vietnam
In a move signaling Vietnam's growing importance in the global artificial intelligence supply chain, Victory Giant Technology, a key supplier to NVIDIA, is constructing a state-of-the-art AI manufacturing facility in Bac Ninh province with total investment exceeding $800 million (approximately 20,880 billion VND).
The project, located at VSIP Bac Ninh II in Tam Giang commune, represents one of the largest investments in AI-related PCB manufacturing in Southeast Asia and highlights Vietnam's emergence as a strategic hub in the global technology ecosystem.
Who is Victory Giant Technology?
Victory Giant Technology has rapidly ascended to become a major player in the global electronics manufacturing sector. The specialized manufacturer focuses on printed circuit boards (PCB) and high-density interconnect (HDI) boards serving cutting-edge technological applications.
The company's product portfolio includes:
- AI applications
- AI servers
- Data centers
- Graphics cards
- High-performance computing (HPC) equipment
- High-end networking equipment
According to industry reports from 2025, Victory Giant has emerged as one of the top 6 PCB manufacturers globally while maintaining the leading position in the high-performance graphics card and AI board segment. Most notably, the company has been confirmed as a Tier 1 supplier to NVIDIA, the world's leading AI chip manufacturer.
The Bac Ninh Project: Scale and Ambition
The Victory Giant facility in Bac Ninh represents a significant departure from traditional industrial architecture in Vietnam's industrial parks. The project features an innovative vertical design with factory buildings reaching up to 7 stories high—a rare approach in Vietnamese industrial zones.
This vertical construction strategy maximizes production capacity on approximately 10 hectares of land, creating a manufacturing space equivalent to what would typically require 20-30 hectares using conventional layouts.
The project details are as follows:
| Item | Details |
|---|---|
| Location | VSIP Bac Ninh II |
| Initial Phase Area | Approximately 10 hectares |
| Initial Investment | Approximately $260 million (6,786 billion VND) |
| Total Announced Investment | Exceeding $800 million (20,880 billion VND) |
| Number of Factory Floors | 7 stories |
| Main Products | HDI PCB for AI and HPC applications |
Victory Giant's Relationship with NVIDIA
The significance of Victory Giant's presence in NVIDIA's supply chain cannot be overstated. In May 2025, Jensen Huang, NVIDIA's CEO, hosted a private meeting for key supply chain partners in Taipei. The exclusive gathering included technology industry leaders such as:
| Company | Role |
|---|---|
| TSMC | AI chip manufacturing |
| MediaTek | SoC design |
| Quanta | AI servers |
| Wistron | Equipment manufacturing |
| Victory Giant | AI and HDI PCB |
Victory Giant was one of the few mainland Chinese companies invited to this exclusive gathering, underscoring its critical role in the global AI ecosystem. The company's selection as a Tier 1 supplier by NVIDIA positions it at the forefront of the AI hardware revolution.
The Strategic Importance of HDI Technology
High-density interconnect (HDI) technology represents the cutting edge of PCB manufacturing, enabling more compact and powerful electronic devices. Victory Giant's focus on HDI production places it at the heart of next-generation technology development.
HDI boards are essential components in:
- AI GPUs
- AI servers
- High-speed networking equipment
- Data centers
- Autonomous vehicles
- Next-generation telecommunications equipment
This product segment represents Victory Giant's highest-value and most profitable offerings. The decision to establish an HDI manufacturing facility in Vietnam demonstrates the country's increasing participation in higher-value segments of the electronics supply chain, moving beyond simple assembly operations.
Workforce Development Strategy
Recognizing the technical complexity of HDI manufacturing, Victory Giant has implemented an innovative workforce development strategy. According to the company's 2026 recruitment information, Victory Giant has been recruiting technical staff in Vietnam and sending them to China for training in HDI PCB production processes before the main facility becomes operational.
This approach demonstrates the company's commitment to not only investing in physical infrastructure but also developing local technical expertise. By training Vietnamese engineers in specialized manufacturing processes, Victory Giant is building a foundation for long-term technological capability development in Vietnam.
Comparison with Major Technology Projects
The Victory Giant project stands alongside other significant foreign investments in Vietnam's technology sector, but with distinct characteristics:
| Company | Sector | Differentiating Factor |
|---|---|---|
| Victory Giant | PCB AI HDI | Core component manufacturing for AI ecosystem |
| Foxconn Fukang | Electronics assembly | Final product assembly |
| Samsung Electronics Vietnam | Mobile phones and electronics | Consumer electronics manufacturing |
| Amkor Technology | Semiconductor packaging and testing | Post-fabrication semiconductor services |
| Goertek | Electronic equipment | Audio and optical components |
Unlike companies such as Foxconn or Samsung that primarily focus on final product assembly, Victory Giant is positioned in the foundational layer of the AI supply chain, manufacturing critical components with higher technological complexity.
Implications for Vietnam's Technology Sector
If fully implemented as planned, the Victory Giant project will rank among the largest investments in AI PCB manufacturing in Vietnam. This development carries several potential benefits for the country's technology ecosystem:
- Increased domestication rate in the electronics industry
- Attraction of additional international AI enterprises
- Formation of a high-end PCB manufacturing ecosystem
- Significant demand for electronic engineers and advanced materials
- Elevation of Bac Ninh's position in the global AI supply chain
In the context of rapidly growing global demand for AI servers, GPUs, and data centers, the expansion of a key NVIDIA supplier into Vietnam represents a positive signal for the country's high-tech industry in the coming years.
Conclusion: A New Strategic Link in the Global AI Chain
The Victory Giant project in Bac Ninh signifies more than just another foreign investment in Vietnam's industrial landscape. It represents a strategic deepening of Vietnam's position in the global AI supply chain, moving beyond traditional assembly operations into high-technology component manufacturing.
As the world's demand for AI infrastructure continues to accelerate, Vietnam's emergence as a manufacturing hub for critical components like HDI PCB boards could position the country as an indispensable node in the global technology ecosystem. The success of this project may catalyze further investment in Vietnam's high-tech sector, potentially transforming the country into a significant player in the AI revolution.
With Victory Giant's vertical manufacturing facility taking shape in Bac Ninh, Vietnam appears poised to transition from a peripheral participant to a central node in the global AI supply chain—a development that could reshape the country's economic trajectory for decades to come.