Nvidia Secures Major South Korea AI Infrastructure Deals
On July 24, Nvidia announced a series of major agreements in South Korea aimed at expanding its AI infrastructure. The most significant deal involves SK Hynix (SKHY), with an estimated value of $500 billion over several years to secure high-bandwidth memory for data centers expected to launch by 2027. This partnership includes co-development opportunities and a cloud business built using Nvidia's systems. Samsung Electronics also signed a separate agreement worth approximately $200 billion with Broadcom, focusing on expanding collaboration in AI infrastructure through memory and foundry technologies. These deals highlight South Korea’s growing role as a central hub for the next phase of global AI development. Additionally, Nvidia announced plans to invest $1 billion into Naver to expand its cloud data center capabilities. The agreements underscore Nvidia's aggressive strategy to secure long-term partnerships across Asia in support of its expanding AI ecosystem.
Topics: AI infrastructure Nvidia expansion semiconductor deals SK Hynix partnership