Nvidia and SK Group forge $500 billion AI partnership spanning data centers and memory chips
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Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership
SAN FRANCISCO, July 24 (Reuters) - Nvidia (NVDA.O), opens new tab and South Korea's SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said. The initiative includes a long-term partnership with SK Hynix
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Nvidia locks down memory supply from SK Hynix as part of $500 billion AI deal
Nvidia said it's secured AI memory supply from South Korea's SK Hynix, as the chipmaker tries to lock in a key component for its advanced processors and systems. The agreement, announced late Friday in San Francisco, could be worth $500 billion over a number of years, and includes the construction
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Nvidia invests $1 billion in Naver and strikes $500 billion deal with SK Group
Nvidia is investing $1 billion in Naver and building a $500 billion commercial partnership with SK Group spanning data centers and memory chips Nvidia will invest $1 billion in South Korean internet company Naver to help finance an AI data center under construction in South Korea, the chipmaker
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Nvidia, SK Group Unveil $500 Billion-Plus AI Data Centers Initiative, Memory Partnership
SAN FRANCISCO, July 24 (Reuters) - Nvidia and South Korea's SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said. The initiative includes a long-term partnership with SK Hynix to secure next-generation
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Nvidia, SK Group unveil $500 billion-plus AI data centres initiative, memory partnership
As part of the initiative, SK Telecom plans to build a 2-gigawatt AI data centre powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first facility due to come online in 2027, Nvidia added. Nvidia and South Korea's SK Group on Friday unveiled a more than $500
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Nvidia just locked down deal that changes AI race
South Korean President Lee Jae Myung flew to San Francisco on July 24 for a summit with the most powerful names in artificial intelligence. Jensen Huang was there. Sam Altman was there. The heads of Samsung, SK Group, Hyundai Motor and Naver flew in. By the end of the day, roughly $950 billion in
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SK Group and NVIDIA Expand Strategic Partnership Across AI Factories and Next-Generation Memory
SK Group and NVIDIA announced plans for a $500-billion-plus comprehensive partnership to establish AI infrastructure serving the surging demand for global compute. SK Telecom to build 2-gigawatt NVIDIA Vera Rubin DSX AI Factory to serve global compute demand. This cloud will use the NVIDIA DSX
[8]
Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership
SAN FRANCISCO, July 24 (Reuters) - Nvidia and South Korea's SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said. The initiative includes a long-term partnership with SK Hynix to secure next-generation
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Nvidia has locked in a massive $500 billion partnership with South Korea's SK Group to secure high-bandwidth memory supply and build large-scale AI data centers. SK Telecom will construct a 2-gigawatt facility using Nvidia's Vera Rubin chips and SK Hynix's HBM4 memory, with operations starting in 2027. Separately, Nvidia is investing $1 billion in Naver to expand AI infrastructure in South Korea.
Nvidia SK Group Partnership Secures AI Infrastructure Future
Nvidia and South Korea's SK Group unveiled a massive $500 billion AI deal on Friday, marking one of the industry's largest commitments to AI infrastructure and memory supply
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. The large-scale AI data centers initiative spans multiple years and includes a long-term partnership with SK Hynix, the world's largest supplier of high-bandwidth memory, to jointly develop next-generation memory solutions for AI training, agentic AI, and physical AI applications2
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Source: ET
The announcement came during an AI summit in San Francisco attended by South Korean President Lee Jae Myung, signaling the strategic importance both nations place on AI development
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. Nvidia CEO Jensen Huang told Bloomberg Television that South Korea is in a "golden age," citing the country's semiconductor firms and industrial capabilities as key reasons to invest3
.Massive Data Center Buildout Powered by Nvidia Vera Rubin Chips
As part of the memory supply agreement, SK Telecom plans to construct AI data centers requiring 2 gigawatts of power on the Korean Peninsula, with the first facility scheduled to come online in 2027
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. These facilities will run on Nvidia Vera Rubin chips paired with SK Hynix's HBM4 high-bandwidth memory, indicating a buildout that could house hundreds of thousands of graphics processing units2
.Raj Mirpuri, Nvidia's enterprise vice president, explained the strategic value: "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"
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. This collaboration addresses the global memory shortage created by the AI boom, with Nvidia aggressively locking in supply of the critical component essential for its GPUs and systems.Nvidia Invests $1 Billion in Naver to Expand AI Infrastructure
Separately, Nvidia announced a $1 billion investment in Naver, a South Korean internet and cloud company building AI data centers around Nvidia's GPUs
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. The funding will enable Naver to more than triple its facility size from 55 megawatts to 200 megawatts, with Brookfield, a US private equity firm, agreeing to a nonbinding term sheet to fund up to $9 billion for the project3
. This expansion will provide opportunities for potential customers in South Korea and globally to secure AI computing capacity before the facility is completed2
.Related Stories
Global AI Supply Chains and Sovereign AI Ambitions
The deal signals that massive AI infrastructure buildouts are expanding beyond a handful of hyperscalers, with foreign governments and major conglomerates becoming directly involved
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. For South Korea, the partnership represents a strategic bet that its semiconductor industry can remain central to global AI supply chains even as geopolitical tensions reshape chip manufacturing3
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Source: Reuters
Samsung and SK Hynix are the only two companies worldwide capable of producing the advanced memory chips that Nvidia's processors require, giving them a structural advantage in the AI era
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. The design partnership with SK Hynix positions the company ahead of its rival Samsung in the race for sovereign AI capabilities. Huang has consistently argued that every country should develop its own sovereign AI infrastructure, and South Korea's chipmaking expertise and engineering talent make it particularly well-positioned to execute this vision3
.The Korea deals continue Nvidia's year-long investment spree, with the chipmaker committing more than $40 billion to AI equity positions, including $30 billion in OpenAI
3
. Critics have described this pattern as circular financing, where Nvidia invests in companies that subsequently purchase its hardware—a structure replicated with data center operators, neoclouds, and now sovereign AI partners3
. However, for Nvidia, securing memory supply remains critical as demand for AI infrastructure continues to outpace production capacity across the industry.🟡agnet_ai, and physical AI applications2
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