The agreements come during a high-profile trip by Nvidia CEO Jensen Huang to South Korea<\/p>\n
Published Mon, Jun 8, 2026 \u00b7 08:48 AM \u2014 Updated Mon, Jun 8, 2026 \u00b7 08:50 PM<\/p>\n
[SEOUL] Nvidia on Monday (Jun 8) 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 artificial intelligence ambitions and entice 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 has seen him dine on grilled pork belly and local spirit soju with the country\u2019s top corporate bosses, throw a baseball pitch and meet a well-known gamer.<\/p>\n
Nvidia and its partners, which also included SK Telecom and conglomerate Doosan Group, did not disclose the value of the deals.<\/p>\n
SK Group, South Korea\u2019s second-largest family-owned conglomerate, said that 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 to keep up with demand, would enable supply to keep pace with Nvidia\u2019s plans, which have expanded to robotics, personal computers and AI supercomputers.<\/p>\n
\u201cSK Hynix has been Nvidia\u2019s largest memory partner. SK Hynix will continue to be Nvidia\u2019s largest memory partner,\u201d Huang said after a meeting with SK Group chairman Chey Tae-won at the headquarters of the chipmaker\u2019s parent.<\/p>\n
Huang said that the deal with SK Hynix, a rival to Samsung Electronics and US-based Micron Technology, was for more than two years with the option to keep extending. \u201cWe already procure and we buy from SK Hynix already billions and billions of US dollars each year, and it\u2019s going to grow substantially,\u201d he noted.<\/p>\n
Ryu Young-ho, a senior analyst at NH Investment & Securities, said that the SK Hynix-Nvidia partnership reinforced the view that memory chips were evolving from a commodity product into a more customer-specific business.<\/p>\n
Other deals<\/p>\n
SK Telecom said that it would build a gigawatt-scale AI cloud in South Korea using Nvidia technology, with the first AI data centre to come online in 2027. Nvidia added that Internet giant Naver and conglomerate Doosan would also use its technology to help build AI data centres.<\/p>\n
Doosan, which is developing robots and makes materials used in Nvidia\u2019s most powerful Blackwell chips, said it expected its energy solution to be used in Nvidia\u2019s data centre platforms and for it to use the US firm\u2019s physical AI technology as well.<\/p>\n
Nvidia is also partnering with LG Group on electronics, mechanical systems and AI for humanoid robots, Huang said after a meeting with the tech conglomerate\u2019s chairman Koo Kwang-mo.<\/p>\n
Huang said that the pair were also working on the architecture of future data centres including cooling, power delivery and the entire design and building of the data centres.<\/p>\n
After a meeting with Hyundai Motor Group\u2019s executive chair Chung Eui-sun in the afternoon, Huang said Nvidia would deepen its partnership with Hyundai across a range of AI initiatives, including autonomous mobility, robotics and AI-powered manufacturing.<\/p>\n
He also highlighted opportunities to accelerate the development of industrial robotics, saying that Nvidia and Hyundai would work together to bring AI to \u201call forms of mobility\u201d and deepen collaboration on robotics for practical industrial applications.<\/p>\n
Huang referred to Hyundai Motor Group\u2019s planned AI data centre in Saemangeum as an \u201cAI Valley\u201d akin to California\u2019s Silicon Valley and said he was \u201cvery happy to build Nvidia in Saemangeum\u201d.<\/p>\n
South Korea stock rally falters<\/p>\n
South Korea is an Asian manufacturing powerhouse, home to major producers of \u200bchips, electronics, cars and ships. SK Hynix and Samsung are the world\u2019s two largest makers of memory chips, which are key components in data centres.<\/p>\n