A surprise Seoul meeting set the stage for a Monday announcement that could reshape chip supply dynamics and memory availability across global markets. Expect top executives to offer details on production, timelines and partnerships while keeping some strategic elements under wraps.
Seoul, June 7 – Nvidia and SK Group expect a joint announcement regarding the cooperation plan, which, according to sources, will be presented on Monday. The head of the American chipmaker said that the persistent memory shortage will continue to shape the market for a fairly long period.
A spokesperson for SK Hynix said that Chey Tae-won and Nvidia CEO Jensen Huang intend to explain to journalists the details of the plan at a Monday morning briefing, confirming previously released information.
Huang also noted that Nvidia could issue joint statements with SK on Monday.
Plan content and context
According to those present, Huang met with Chey Tae-won and SK Hynix CEO Kwak Noh-jung, as well as other SK executives, during a lunch of fried chicken and beer, known as “chimaek” at the Kkanbu Chicken restaurant in Seoul.
“We operate in many fields – from AI supercomputers to CPUs and new PCs and robotics. So we’re here to plan our steps, and perhaps there will be announcements tomorrow.”
– Nvidia CEO Jensen Huang
“The entire supply chain of the industry – from silicon to packaging and photonics – is in shortage due to extremely high demand. This, as expected, will last several years.”
– Nvidia CEO Jensen Huang
Industry prospects and implications
Participants also emphasize that both companies are looking for ways to strengthen supply chains and manufacturing capabilities in the semiconductor sector, which is especially important amid the ongoing shortage of components. Joint advancement of the cooperation plan could accelerate the deployment of new technologies in AI, computing, and robotics, and bolster investor confidence in the chip market.
Despite market uncertainty, it is important for the partners to maintain dialogue and continue detailing steps that will help ensure resilience of production and supply in the coming years.