"Nvidia Corp. boss Jensen Huang plans to unveil new contracts to supply AI chips to major South Korean companies, including Samsung Electronics Co. and Hyundai Motor Group, when he visits the country this week to carve out new opportunities for his business. The deals will potentially help expand a key market for a US chipmaker that's increasingly shut out of China during a trade conflict between Washington and Beijing."
"Huang wants to deepen his ties with Asia's fourth-largest economy, which is pivotal to the global supply of memory chips and harbors ambitions to become a major AI computing center, according to people familiar with the matter. In additional to Samsung and Hyundai Motor, Nvidia plans to supply its chips to SK Group, which plans to build a 7 trillion won ($4.9 billion) AI data center in South Korea and counts chipmaker SK Hynix Inc. among its affiliates."
Jensen Huang will unveil contracts to supply Nvidia AI chips to Samsung Electronics, Hyundai Motor Group and SK Group during a visit to South Korea. The deals aim to expand a critical market as the US chipmaker faces restrictions in China amid a Washington-Beijing trade conflict. Korean conglomerates will secure more reliable access to GPUs needed to train and operate AI models. SK Group plans a 7 trillion won AI data center and includes SK Hynix among affiliates. Huang is expected to announce the tie-ups before the APEC CEO Summit in Gyeongju. The US and South Korea plan a broader technology cooperation agreement.
Read at www.mercurynews.com
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