{"id":722161,"date":"2026-06-08T02:43:09","date_gmt":"2026-06-08T02:43:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/722161\/"},"modified":"2026-06-08T02:43:09","modified_gmt":"2026-06-08T02:43:09","slug":"nvidia-clinches-deals-with-south-korean-giants-include-sk-group-to-advance-ai-boom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/722161\/","title":{"rendered":"Nvidia clinches deals with South Korean giants include SK Group to advance AI boom"},"content":{"rendered":"\n

By Heekyong Yang and Hyunjoo Jin<\/p>\n

SEOUL, June 8 (Reuters) – Nvidia<\/a> on Monday announced a series of deals in South Korea with tech giants including SK Hynix and Naver, as it looks to secure crucial memory chips to power its AI ambitions and \u200centice new customers.<\/p>\n

The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea that began on Friday and \u200chas seen him dine on grilled pork belly and local spirit soju with the country’s top corporate bosses, throw a baseball pitch and meet with a well-known gamer.<\/p>\n

Nvidia and its partners, \u200bwhich also included SK Telecom and conglomerate Doosan Group, did not disclose the value of the deals.<\/p>\n

SK Group, South Korea’s second-largest family-owned conglomerate, said its SK Hynix and SK Telecom arms had agreed deals with Nvidia.<\/p>\n

Memory chip maker SK Hynix signed a multi-year technology partnership that will see it commit to developing advanced types of memory for global AI data centres, SK Group said.<\/p>\n

SK Hynix and Nvidia said the agreement, which comes as memory chip makers have been straining \u200cto keep up with demand, would enable supply to \u2060keep pace with Nvidia’s plans, which have expanded to robotics, personal computers and AI supercomputers.<\/p>\n

“SK Hynix has been Nvidia’s largest memory partner. SK Hynix will continue to be Nvidia’s largest memory partner,” Huang said after a meeting with SK \u2060Group Chairman Chey Tae-won at the headquarters of the chipmaker’s parent.<\/p>\n

Huang said the deal with SK Hynix, a rival to Samsung Electronics and U.S.-based Micron Technology, was for more than two years with the option to keep extending.<\/p>\n

“We already procure and we buy from SK Hynix already billions and billions of dollars each year, and it’s \u200bgoing \u200bto grow substantially,” he said.<\/p>\n

SK Hynix and SK Telecom also said they would buy \u200bmore from Nvidia.<\/p>\n

SK Telecom said it would build a gigawatt-scale \u200cAI cloud in South Korea using Nvidia technology, with the first AI data centre to come online in 2027. Nvidia said internet giant Naver and conglomerate Doosan would also use its technology to help build AI data centres.<\/p>\n

In addition, Doosan, which is developing robots and makes materials used in Nvidia’s most powerful Blackwell chips, said it expected its energy solution to be used in Nvidia’s data centre platforms and for it to use the U.S. firm’s physical AI technology<\/a> as well.<\/p>\n

SOUTH KOREA STOCK RALLY FALTERS<\/p>\n

South Korea is an Asian manufacturing powerhouse, home to major producers of chips, electronics, cars and ships. \u200cSK Hynix and Samsung are the world’s two largest makers of memory chips, which \u200bare key components in data centres.<\/p>\n

The country’s benchmark Kospi index has doubled in six months \u200bas heavyweights SK Hynix and Samsung benefited from the AI wave, \u200bbut dove almost 9% on Monday after robust U.S. jobs data fanned bets on a Federal Reserve rate hike this \u200cyear and sparked a rout in global tech stocks.<\/p>\n

Shares in \u200bSamsung and SK Hynix both plunged \u200bmore than 10% in early trading before trimming some losses, with Samsung later down 7.8% and SK Hynix falling 4.1%.<\/p>\n

When asked about the global chip stock rout, Huang waved off concerns. “Everybody should be very excited; they can now buy stock at a cheaper price, and it’s \u200babsolutely true that the future of AI is very \u200cbright.”<\/p>\n

Huang also told reporters after a fried chicken dinner with Chey on Sunday that he planned to meet Samsung’s Jun Young-hyun, \u200bwho leads the company’s semiconductor business, on Monday. He will also meet with electronics giant LG Corp.<\/p>\n

(Reporting by Heekyong Yang, Hyunjoo \u200bJin, Jack Kim and Brenda Goh; Editing by Tom Hogue and Jamie Freed)<\/p>\n","protected":false},"excerpt":{"rendered":"By Heekyong Yang and Hyunjoo Jin SEOUL, June 8 (Reuters) – Nvidia on Monday announced a series of…\n","protected":false},"author":2,"featured_media":722162,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[62,276,277,49,48,17110,260945,85210,6494,260946,17159,260944,18262,61],"class_list":["post-722161","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-ca","tag-canada","tag-data-centres","tag-doosan-group","tag-memory-chips","tag-nvidia","tag-sk-group","tag-sk-hynix","tag-sk-telecom","tag-south-korea","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/722161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=722161"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/722161\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/722162"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=722161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=722161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=722161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}