Nvidia, SK Group Unveil $500 Billion-Plus AI Data Centers Initiative, Memory Partnership
Nvidia said the pact secures high-bandwidth memory supply and adds 2 gigawatts of AI capacity through data centers and cloud partnerships.
- On Friday in San Francisco, Nvidia Corp. Chief Executive Officer Jensen Huang announced a $500 billion partnership with SK Group, including construction of large-scale data centers and co-development of next-generation AI memory.
- President Lee Jae Myung met with Huang during a two-day San Francisco trip aimed at promoting AI investment and securing critical memory supply for Nvidia's advanced processors and systems.
- Nvidia enterprise vice president Raj Mirpuri said, "The expansion will include a co-develop opportunity for us on the next-generation SK Hynix AI memory, and this will help us secure a stable supply of HBM memory."
- Beyond the SK Group deal, Nvidia announced plans to co-develop a self-driving Genesis sedan with Hyundai Motor Group and invest $1 billion in Naver, targeting capacity requiring 2 gigawatts of power.
- Data centers associated with the partnership are expected to come online in 2027, providing customers access to AI computing capacity while SK Hynix, which listed on the Nasdaq earlier this month, finances infrastructure development.
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NVIDIA, SK Group Announce AI, Semiconductor Partnership Worth over $500 Billion
Get latest articles and stories on Business at LatestLY. NVIDIA and South Korea's SK Group have announced an artificial intelligence (AI) and semiconductor partnership worth more than USD 500 billion, spanning AI infrastructure and next-generation memory technologies. Business News | NVIDIA, SK Group Announce AI, Semiconductor Partnership Worth over $500 Billion.
Nvidia, SK Group announce $500 billion AI initiative, Huang says, ‘powering next wave of growth’
NVIDIA and SK Group announced a $500 billion AI initiative, partnering with SK Hynix for next-gen memory development and data centers. SK Telecom will launch a 2-gigawatt AI data center by 2027, positioning South Korea as a global AI leader.
Nvidia announced on Friday (24) a series of new projects with South Korean technology companies, including a $500 billion commercial partnership with SK Group, investments in Ship and cooperation with Samsung Electronics, SK hynix and Hyundai Motor, during the visit of South Korea's president Lee Jae Myung, to San Francisco. The information was released by the Yonhap news agency. Exclusive material for subscribers. To have full access, access th…
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