Japan firms to take stakes in Nvidia-powered data center of Vietnam’s FPT

Japan firms to take stakes in Nvidia-powered data center of Vietnam's FPT Japan firms to take stakes in Nvidia-powered data center of Vietnam's FPT

TOKYO — Trading house Sumitomo Corp. and financial services provider SBI Holdings have each agreed to purchase a 20% stake in a Japanese data center business of major Vietnamese information technology company FPT to support artificial intelligence applications.

The two Japanese conglomerates will acquire the shares in FPT Smart Cloud Japan this May. Parent company FPT established the Tokyo-based subsidi in late 2024.