Nvidia CEO Jensen Huang Set to Announce Major AI Chip Deals with South Korean Giants

Nvidia CEO expects to make announcements with South Korean partners this week

Nvidia CEO Jensen Huang anticipates making announcements with South Korean companies during his upcoming visit that will please both President Trump and South Korea. He highlighted partnerships with Samsung Electronics and Hyundai, noting their planned investments in AI factories. Huang expressed optimism about "delightful" news for Korea and Trump, to be revealed later this week. Nvidia CEO Jensen Huang said on Tuesday he expects to make announcements with South Korean companies that will please U.S. President Donald Trump and South Korea when he visits the country this week. Huang plans to meet global leaders and top Korean executives when he attends the Asia-Pacific Economic Cooperation CEO Summit in South Korea, the U.S. artificial intelligence chip giant said earlier. "Samsung, SK, Hyundai, LG, Naver, if you just look across the entire Korean ecosystem, every one of the companies are deep friends of mine and very good partners," he told reporters on the sidelines of the Nvidia developers' conference held in Washington on Tuesday. "And so when I go hopefully we'll have some announcements that will be really, really delightful to the people of Korea and really delightful to President Trump, but I'll save it for a few more days," he said. He said Nvidia is partnering with Samsung Electronics and Hyundai "in many ways," saying the two companies are "going to invest in AI factories." Trump is due to address a summit of CEOs and meet with South Korean President Lee Jae Myung in Gyeongju on Wednesday. (You can now subscribe to our Economic Times WhatsApp channel)

Nvidia to supply AI chips to Samsung, SK, Hyundai: sources - The Korea Times

U.S. tech giant Nvidia is widely expected to supply artificial intelligence (AI) chips to Korean companies, including Samsung Electronics and SK Group, sources said Wednesday. This week Nvidia Chief Executive Officer (CEO) Jensen Huang is set to attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, a business-centric gathering running parallel to the annual APEC leaders' summit. According to the sources, Nvidia is expected to sign supply agreements with Samsung Electronics, SK Group, Hyundai Motor Group and Naver, which are expected to be unveiled Friday. Huang is expected to meet with Hyundai Motor Group Executive Chair Euisun Chung and Samsung Electronics Chairman Lee Jae-yong in Seoul on Thursday, with some suggesting SK Group Chairman Chey Tae-won may also join the gathering. During a developers' event held in Washington the previous day, Huang hinted there will be a "delightful" announcement for Koreans and U.S. President Donald Trump. "The contracts will benefit the Korean government, which aims to make the country one of the leaders in the AI sector, as well as Nvidia, which aims to expand its market," an industry official said.

Nvidia's Huang to announce AI chip deals with Samsung and Hyundai By Investing.com

Investing.com -- Nvidia Corp. CEO Jensen Huang is set to announce new AI chip supply contracts with major South Korean companies during his visit to the country this week, according to a Bloomberg report on Tuesday. The agreements will reportedly include partnerships with Samsung Electronics Co., Hyundai Motor Group, and SK Group, helping Nvidia expand in a key market as it faces increasing restrictions in China amid ongoing US-China trade tensions. For Korean companies, these deals would secure reliable access to the graphics processing units essential for training and operating artificial intelligence models. Huang aims to strengthen Nvidia's presence in South Korea, which plays a crucial role in global memory chip production and has ambitions to become a major AI computing hub. SK Group, one of the planned recipients of Nvidia chips, is developing a 7 trillion won ($4.9 billion) AI data center in South Korea. The conglomerate includes chipmaker SK Hynix Inc. among its affiliates. The announcements are expected before Huang attends the APEC CEO Summit in Gyeongju on Friday. On Tuesday, the Nvidia chief is leading a conference in Washington, and President Donald Trump mentioned he will meet with Huang during the executive's Asia trip.