Nvidia Corp. (NASDAQ:NVDA) is deepening its push into Asia’s AI ecosystem through a series of partnerships in South Korea.
Nvidia Strengthens AI Supply Chain With SK Hynix Partnership
The chip giant announced a multi-year technology partnership with memory maker SK Hynix, reinforcing access to high-bandwidth memory, or HBM, a key component powering advanced AI systems.
Speaking after meeting SK Group Chairman Chey Tae-won, Nvidia CEO Jensen Huang highlighted the importance of the relationship.
“SK Hynix has been Nvidia’s largest memory partner. SK Hynix will continue to be Nvidia’s largest memory partner,” Huang said, Reuters reported.
Huang added that Nvidia already buys “billions and billions of dollars each year” worth of products from SK Hynix and expects that spending to increase significantly.
The agreement comes as memory suppliers race to keep pace with soaring AI demand, and as Nvidia expands beyond GPUs into robotics, AI PCs and supercomputing.
AI Data Centers Become The Next Battleground
SK Telecom (NYSE:SKM) said it plans to build a gigawatt-scale AI cloud infrastructure platform using Nvidia technology, with its first AI data center expected to launch in 2027.
Meanwhile, internet giant Naver and industrial conglomerate Doosan said they would use Nvidia technology to support AI data center expansion and industrial AI applications.
Doosan also expects its energy solutions and robotics initiatives to integrate with Nvidia’s physical AI technologies.
Jensen Huang Brushes Off Chip Market Fears
When asked about the semiconductor selloff, Huang dismissed concerns, the report noted.
“Everybody should be very excited; they can now buy stock at a cheaper price,” he said, adding that “the future of AI is very bright.”
Huang is also expected to meet Samsung (OTC:SSNLF) semiconductor chief Jun Young-hyun on Monday and executives from LG (NYSE:LPL) during his South Korea visit.
Price Action: Shares of Nvidia closed Friday down 6.2% at $205.10 and declined another 0.52% to $204.04 in after-hours trading, according to Benzinga Pro.
Benzinga Edge Stock Rankings place NVDA in the 98th percentile for Growth, highlighting its strong performance across short, medium and long-term periods.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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