Nvidia and SK Group announce $500 billion AI data centers partnership

Nvidia and South Korea's SK Group have announced a major partnership to develop AI data centers and advanced memory technologies, with a combined investment value exceeding $500 billion. The collaboration was unveiled during a meeting between Nvidia CEO Jensen Huang and SK Group Chairman Chey Tae-won at an AI summit in South Korea. The initiative aims to build large-scale AI data centers and strengthen cooperation on high-bandwidth memory (HBM) chips, which are critical for training large AI models. The partnership is expected to impact the global AI supply chain, as SK Group's semiconductor arm, SK Hynix, is a key supplier of HBM memory to Nvidia. The announcement includes plans for SK Group to invest 4,700 trillion won (approximately $3.5 trillion) in AI-related projects, with contracts to supply chips to major US firms. This development follows earlier reports that Samsung and SK Hynix would ink large chip supply deals with US companies. The partnership is seen as a strategic move to secure Nvidia's memory supply amid rising demand for AI computing power. Next steps include finalizing specific investment plans and expanding production capacity for HBM chips, with potential implications for global AI infrastructure development.