FPT
28.2.2024 10:31:29 CET | Business Wire | Press release
Global IT corporation FPT recently signed a Memorandum of Understanding (MoU) with the multinational industrial technology conglomerate Siemens, fostering collaboration and mutually beneficial business opportunities in advancing the manufacturing sector and semiconductor chip production while accelerating digital transformation globally.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240228584022/en/
Nguyen The Phuong, Executive Vice President and Chief Finance Officer of FPT Corporation (L), Pham Thai Lai, President & CEO of Siemens ASEAN & Vietnam (R), and both parties’ representatives. (Photo: Business Wire)
FPT and Siemens will join forces in areas such as smart infrastructure, green and intelligent data centers, digital industrial solutions, automotive software development, and digital transformation. Built on the successful partnership on MindSphere IoT Operating System since 2017, the new agreement focuses on strengthening engagement and competencies in digital transformation services for both sides and their clients worldwide, as well as opening up new business opportunities.
Harnessing FPT's robust expertise and high-quality workforce, FPT aspires to become the Global SI Partner for Siemens’ low-code platform - Mendix, and Engineering Services Provider for Siemens EDA, focusing on AUTOSAR projects.
Siemens also invites FPT to join its Xcelerator ecosystem to accelerate digital transformation with Siemens' solutions and applications. Additionally, the two parties will further expand collaboration in the smart infrastructure domain, with Siemens targeting to be the preferred supplier for FPT’s data center network and its sustainable infrastructure development projects in Vietnam.
Leveraging its profound technology foundation in the digital ecosystem, Cloud, and low-code, Siemens commits to aiding FPT with access to training and knowledge-sharing on a large scale. The German powerhouse will also provide support and explore collaboration with FPT in semiconductor design and manufacturing, one of FPT’s pivotal areas for future growth. As a leading chipmaking company in Vietnam, FPT also aims to supply semiconductor chips to Siemens.
Speaking at the signing ceremony, Dr. Truong Gia Binh, FPT Chairman & Founder, said: “FPT focuses on five keywords: Digital transformation, Green transformation, Artificial Intelligence, Automotive, and Semiconductor. Our greatest resource is our talented people, with 32,000 digital transformation experts working across the globe. In the future, we plan to invest in AI supercomputers and workforce training and development, prioritizing NVIDIA certifications and advancing innovations in industries such as automotive and semiconductor. I believe these will be the stepping stones to enhance cooperation between FPT and Siemens.”
Mr. Roland Busch, Chairman and CEO of Siemens AG, affirmed that FPT and Siemens have many commonalities: “Siemens has extensive experience in the semiconductor industry, and we are confident in our capability to provide FPT with technological support. Furthermore, Siemens boasts expertise in various domains, including smart infrastructure and digital industrial solutions. We are positioned to leverage these technologies to enhance product adaptability in daily life. Consequently, Siemens is fully prepared to collaborate closely with FPT in their future endeavors, offering comprehensive support and innovative solutions.”
Siemens and FPT have years of experience in successful collaboration, varying across sectors and industries. With a track record of success and extensive experience, FPT has established itself as a world-class technology enabler for complex business challenges and opportunities. Post surpassing one billion USD in revenue from global IT services in 2023, the Vietnam-headquartered tech corporation aims to achieve USD 5 billion in revenue from global IT services by 2030 and reach billion-dollar milestones from a single market, a single vertical industry and a single contract.
The signing ceremony took place in Hanoi, Vietnam, on 26 February 2024, with the participation of Dr. Roland Busch, Siemens AG President & Chief Executive Officer; Dr. Pham Thai Lai, President & Chief Executive Officer of Siemens ASEAN & Vietnam; Dr. Truong Gia Binh, FPT Corporation Chairman, Mr. Nguyen The Phuong, FPT Corporation Executive Vice President and Chief Finance Officer, as well as both companies’ senior leaders.
About FPT Corporation
FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam. FPT operates in three core sectors: Technology, Telecommunications, and Education. During over three decades of development, FPT has constantly provided practical and effective products to millions of people and tens of thousands of business and non-business organizations worldwide, establishing Vietnam’s position on the global tech map. Keeping up with the latest market trends and emerging technologies, FPT has developed the Made-by-FPT ecosystem of services, products, solutions, and platforms, which enables sustainable growth for organizations and businesses and offers distinctive experiences to customers. In 2023, FPT recorded a total revenue of US$2.17 billion and 70,000+ employees. For more information, please visit https://fpt.com.vn/en.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240228584022/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
RecVue Launches First AI Native Agentic Revenue Operating System21.7.2026 15:03:00 CEST | Press release
New agentic architecture for RevOS runs enterprise revenue across the order-to-cash lifecycle and surfaces cross-system intelligence RecVue, the leader in billing and revenue management solutions, today announced the evolution of RecVue RevOS into the industry's first Agentic Revenue Operating System. In an architectural shift, the now-native agentic revenue management platform moves revenue operations beyond AI-assisted workflows to fully governed, autonomous execution with more than 50 purpose-built agents that work across contracts, invoices and payment data to predict risk, surface anomalies and escalate exceptions throughout the quote-to-cash lifecycle. Enterprise revenue operations have long suffered from a structural gap between billing systems that generate invoices and ERP systems that record transactions. Finance teams face tedious, manual reconciliation month after month, often resulting in delayed cash, billing errors that generate disputes, revenue leakage from ungoverned
Yubico Extends Passkeys Beyond Trusted Authentication to Verified Authorization with Launch of YubiKey 5.821.7.2026 15:00:00 CEST | Press release
YubiKey 5.8 extends hardware-backed assurance from authentication into emerging digital signature, wallet, payment and agentic approval workflows Yubico (NASDAQ STOCKHOLM: YUBICO), the pioneer of phishing-resistant authentication and creator of the original passkey, the YubiKey, today announced the general availability of its YubiKey 5.8 – marking an expansion of the role of the passkey from secure authentication to include verifiable, hardware-backed authorization. The new firmware delivers a foundation for secure enterprise workflows across identity wallets, document signing, and AI-driven approvals, while also providing developers with the critical capabilities needed to test, design and deploy these next-generation security features early. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260721286409/en/ As generative and agentic AI mature to drive rapid, automated cyberattacks, traditional multi-factor authentication (MFA
Gurobi Publishes Inaugural State of Mathematical Optimization in Academia Report21.7.2026 15:00:00 CEST | Press release
Findings showcase how academics are leveraging optimization alongside GenAI tools in the classroom and in research today. Gurobi Optimization, LLC, the leader in decision intelligence technology, today announced the publication of its inaugural State of Mathematical Optimization in Academia Report. Based on surveys of over 1,180 faculty and students who actively use Gurobi, the report examines how optimization is being taught, used in research, and applied across academia today—as well as use cases that could benefit from a combination of generative AI (GenAI) with optimization. Gurobi’s research highlights the importance of making optimization education and tools accessible to students and instructors. “Mathematical optimization is powering some of the most effective decision-making across today’s enterprises, and the academic community is key to advancing its theory and practice,” said Duke Perrucci, CEO, Gurobi. “By exploring how students, researchers, and educators are teaching and
ExaGrid Announces a Record Bookings and Revenue Quarter21.7.2026 14:00:00 CEST | Press release
ExaGrid Achieves 22nd Consecutive Quarter of Free Cash Flow, EBITDA, and P&L Positive Operations ExaGrid®, the world’s largest independent backup storage vendor providing Tiered Backup Storage with the most comprehensive security and AI-Powered Retention Time-Lock for Ransomware Recovery, today announced that it had a record quarter of bookings and revenue in the second quarter ending June 30, 2026, with double-digit revenue growth over Q2 of 2025 and double-digit revenue growth for the first six months of 2026 over 2025. In addition, ExaGrid remained P&L, EBITDA, and free cash flow positive for the 22nd consecutive quarter. The company is 100% debt-free, demonstrating strong financial health as a company. ExaGrid added 207 new customers in Q2 2026, including 99 six- and seven-figure new customer deals in the quarter, with five of those over $1M each. Highlights of Q2 2026: Strong competitive win rate at over 80% for the quarter. Brought on 207 new customers. 99 six- and seven-figure n
Alpaca Launches German Equities Trading via Deutsche Börse Xetra21.7.2026 13:00:00 CEST | Press release
Broker partners can offer access to German equities through the Frankfurt Stock Exchange, one of the world’s largest trading venues Alpaca, a global leader in agent-first brokerage infrastructure, today announced that its broker partners can now offer trading in German equities through Deutsche Börse Xetra, providing access to one of Europe’s largest equity markets. The launch marks the first phase of Alpaca’s broader global equities initiative. In the coming months, Alpaca expects to roll out access to additional major international exchanges, including Hong Kong Stock Exchange, London Stock Exchange, Saudi Exchange, Euronext Paris, and Korea Exchange, with additional markets planned. Germany is the largest economy in Europe and the third largest in the world, behind the United States and China. Through Xetra, Alpaca’s broker partners can offer access to hundreds of German equities, including shares in companies such as SAP, Siemens, Allianz, BMW, Deutsche Bank, Adidas, and Bayer, acr
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom