Qualcomm Acquires MovianAI to Strengthen Its Generative AI Portfolio
Qualcomm has officially announced the acquisition of MovianAI Artificial Intelligence Application and Research JSC, marking a strategic move to deepen its investment in generative AI. MovianAI was previously the generative AI division of VinAI, a prominent AI research subsidiary under Vietnam’s Vingroup. With this acquisition, Qualcomm secures a 65 percent stake in the company, though financial details of the deal remain undisclosed. The move aligns with Qualcomm’s broader vision of accelerating the development and scaling of cutting-edge generative AI technologies.
MovianAI was formed in November 2024 following the restructuring of VinAI, which resulted in the creation of two separate entities. The newly acquired company focused on AI research and innovation, boasting a charter capital of nearly $9 million (approximately Rs. 77 crore). Qualcomm shared news of the acquisition through a newsroom post, highlighting the company’s commitment to advancing AI-based solutions through strategic collaborations and global partnerships.
The San Diego-based chipmaker emphasized its long-standing engagement with Vietnam’s tech ecosystem, citing over two decades of collaboration in areas like 5G, artificial intelligence, the Internet of Things (IoT), and automotive technologies. By integrating MovianAI’s talent and expertise, Qualcomm aims to not only boost its AI capabilities but also tap into Southeast Asia’s growing pool of tech innovation and research talent.
In a significant addition to the team, Qualcomm also announced that Hung Bui, founder and CEO of VinAI, will be joining the company as part of the acquisition. Bui brings with him extensive experience in the AI space, including a background with Google DeepMind. His leadership is expected to play a pivotal role in driving Qualcomm’s vision for next-generation AI-powered applications and expanding the company’s global innovation footprint.