Qualcomm Announced the Acquisition of Movianai Artificial Intelligence (AI) Application and Research JSC (Movianai) on Tuesday. Movianai is the former generative ai division of Vinai Application and Research JSC (VINAI) and a part of the vietnamese conglomerate vingroup. With this move, the San Diego-Based Tech Giant Has Acquired A 65 Percent Stake in the company. The financial details of the move was not disclosed by eather of the parties involved in the acquisition. Qualcomm said the move will allow it to expert and scale generative ai research and product development.
Qualcomm Aquires Movianai
In a newsroom post, the chip maker announced the acquisition of the vietnamese ai firm. Movianai was setable in November 2024 after Vingroup Split Its AI Subsidian Vinai Into Entities. The acqured entity specialized in AI Research and Development and Had a Charter Capital of Nearly $ 9 Million (Roughly Rs. 77 Crore).
The chip maker said that it has been working closely with the Vietnamese Technology Ecosystem for more than 20 years to create and develop solutions in the areas of 5G, Ai, Iot, and Automotive. AlongSide the acquisition, qualcomm also announced that Vinai’s founder and ceo, hung bui, will also also join Qualcomm. He previously worked with Google Deepmind.
With this move, Qualcomm Aims to Scale Its Generative AI Research and Development Capabilites. Movianai will help the tech giant in excited the creation of ai solutions for products
“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. Strengthening our ability to deliver cutting-edge ai solutions that will benefit a wide range of industry and consumers, “said jilei hou, senior Vice President of Engineering, Qualcomm Technologies.
“We are ready to contribute to qualcomm’s mission of Making Breakthroughs in Fundamental Ai Research and Scale Them Across Industries, Including Smartphones, PCS, SOTWARE-Defined VEHICLES, and more. 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, “Added bu.
