Nvidia signs sweeping AI deals with South Korean giants

Nvidia Secures Major Deals with South Korean Tech Firms

Nvidia on Monday announced a series of partnerships with South Korean technology companies including SK Hynix, SK Telecom, Naver, and Doosan, as CEO Jensen Huang visited the country to deepen ties with Asia’s chip industry amid surging demand for AI infrastructure.reuters

Multi-Year Memory Partnership with SK Hynix

At the center of the agreements is a multi-year technology partnership with SK Hynix, South Korea’s leading memory chip maker and already Nvidia’s largest memory supplier. The deal commits SK Hynix to developing advanced memory solutions for global AI data centers, with Huang saying the agreement spans more than two years with the option to extend. Bloomberg reported that the pact covers both chip design and manufacturing, with Nvidia helping SK Hynix diversify into areas including physical AI and memory for Vera Rubin, Nvidia’s most powerful accelerator.youtube

SK Group, South Korea’s second-largest conglomerate and parent of both SK Hynix and SK Telecom, said the partnerships would help supply keep pace with Nvidia’s expanding plans across robotics, personal computers, and AI supercomputers.reuters

Broader Korean Tech Alliances

Beyond memory chips, the deals extend into cloud computing and robotics. SK Telecom announced plans to build a gigawatt-scale AI cloud in South Korea using Nvidia technology, with the first data center projected to come online in 2027. Internet giant Naver will use Nvidia’s platform to build sovereign AI capabilities, starting with 55 megawatts of capacity and an ultimate gigawatt-scale goal.taipeitimes

Nvidia is also collaborating with LG on electronics, mechanical systems, and AI applications for humanoid robotics, according to Reuters. Hyundai Motor was also among the Korean companies engaging with Huang during his visit.reuters

Market Rebound

The announcements came as U.S. technology stocks rebounded on Monday from last week’s selloff. The Nasdaq 100 rallied about 1.5% while Nvidia shares gained roughly 1.7%, according to Bloomberg, after the chipmaker’s stock had dropped 6.2% on June 5. Micron Technology advanced more than 8% as investors returned to semiconductor names.bloomberg

The South Korea deals mark Nvidia’s latest effort to lock in supply chains and expand its customer base as competition for AI computing infrastructure intensifies globally.