FPT partners with a major Japanese technology corporation to establish a joint venture driving regional digital transformation

Recently, FPT and CAC Holdings—one of Japan’s leading IT service providers—announced a joint venture to establish UPSTRIDE Joint Stock Company. The company will focus on building, operating and monitoring IT infrastructure, as well as deploying and developing technology products. The collaboration is expected to leverage the combined strengths of technology capabilities, expert teams, product–service ecosystems and global partner networks of both parties to effectively capture opportunities in Japan and the ASEAN region.

FPT partners with CAC Holdings to establish UPSTRIDE Joint Stock Company, aiming to promote regional digital transformation.

According to the agreement, FPT and CAC Holdings will establish UPSTRIDE Joint Stock Company in Tokyo, Japan, with CAC Holdings and FPT holding 51% and 49% of shares, respectively. This model effectively leverages the complementary strengths between FPT’s deep technological expertise and large-scale engineering resources, and CAC Holdings’ more than 60 years of experience in Japan.

UPSTRIDE will focus on three strategic pillars: expanding and commercializing FPT’s products and solutions in the Japanese market; building and providing comprehensive IT infrastructure services (including operations, monitoring and technical support) with combined resources from Vietnam and Japan; and developing new areas such as GPU cloud services and semiconductor-related businesses, in line with FPT’s long-term technology strategy.

Mr. Ryota Nishimori – Chairman and Representative Director & CEO of CAC Holdings Corporation expressed that UPSTRIDE represents “the global circulation of technology and human resources.”

Ryota Nishimori, Chairman and Representative Director & CEO of CAC Holdings Corporation, stated: “We are very pleased to establish the UPSTRIDE joint venture with FPT Corporation. Over the past 60 years, CAC Holdings has built a solid technological foundation and an extensive customer network in Japan’s IT market. This joint venture represents ‘the global circulation of technology and human resources,’ combining our accumulated business experience with FPT’s strong IT talent pool. With the aspiration embodied in the name UPSTRIDE—continuously striving to reach new heights—we look forward to creating new values together with FPT in the coming time.”

CAC Holdings, established in 1966, is currently a leading technology group in Japan with 22 member companies and nearly 5,000 employees. The company has expanded its operations to multiple international markets, including the United States, Europe, China and across Asia.

Mr. Nguyễn Văn Khoa – CEO of FPT Corporation expressed expectations for the synergy between FPT and CAC Holdings, one of Japan’s leading IT service providers.

Speaking at the event, Mr. Nguyễn Văn Khoa, CEO of FPT Corporation, said: “After more than two decades of presence in Japan, FPT has become one of the largest foreign-invested technology enterprises in this market, while affirming its pioneering position in Japan’s technology value chain. I believe that with our capabilities in research, development and mastery of strategic technologies, along with the Made by FPT ecosystem addressing diverse digital transformation challenges across key sectors, combined with CAC Holdings’ deep understanding of the Japanese market and global partner network, we will jointly deliver internationally standardized technology products and services to the Japanese and ASEAN markets.”

The cooperation between FPT and CAC Holdings aims to meet the increasing demand for digital transformation in Japan and the ASEAN region. According to Mordor Intelligence, Japan’s digital transformation market size is projected to reach USD 236.48 billion by 2030, with a compound annual growth rate (CAGR) of 24.93% during the forecast period (2025–2030). Notably, as IT systems become increasingly complex, Japanese enterprises are shifting from self-operated models to managed services (IMS) to ensure performance, security and cost optimization. At the same time, Japan is positioning semiconductors as a strategic pillar of its digital economy and technological security. The Japanese government aims to increase domestic chip revenue to approximately USD 250 billion by 2040—many times the current level—to meet rising demand from AI, data centers and the smart automotive industry.

The partnership between FPT and CAC Holdings aims to meet the growing demand for digital transformation in Japan and the ASEAN region.

Meanwhile, IT infrastructure management services (IMS), semiconductor ecosystem development and AI are among FPT’s current strengths. In IMS, FPT provides comprehensive monitoring and management services from IT infrastructure, application platforms to information security, serving hundreds of major clients and multinational enterprises in Vietnam, Japan, South Korea, China and the United States. In response to the cloud computing trend, FPT has also launched Cloud Managed Services to support enterprises in building secure, internationally standardized cloud operations platforms.

In AI, FPT has established two AI factories in Vietnam and Japan. The “Made by FPT” AI ecosystem currently includes more than 80 products.

At the same time, FPT has been involved in the semiconductor industry for over a decade, developing a comprehensive ecosystem from design, packaging, testing to training, with a focus on power chips and power management ICs. By the end of 2025, FPT delivered its first batch of commercial power chips to a leading Japanese electronics company through Restar, a major electronics distribution group in Japan. Recently, FPT also established the first semiconductor testing and packaging plant in Vietnam owned by a Vietnamese enterprise.

FPT is currently a global technology corporation, accelerating investments in five strategic technologies, including Quantum AI, Cyber Security, UAV, Data, and railway technology. AI is identified as the core investment direction, with integration into products alongside investments in human resources, research and infrastructure. In 2025, FPT recorded revenue of USD 2.66 billion, with more than 54,000 employees across 30 countries and territories. In Japan, FPT currently has 5,000 employees working at 18 offices and research centers nationwide, along with over 15,000 global experts dedicated to the Japanese market, providing technology services and solutions to more than 450 clients worldwide.