nvidia, partnership in South Korea for 260,000 chips
Nvidia expands its technology in South Korea by collaborating with giants such as Samsung and Hyundai
Nvidia, the world's most highly capitalised stock market company, has struck a historic deal to provide its technology to South Korea's largest companies as part of an aggressive strategy to expand artificial intelligence infrastructure worldwide.
Under agreements negotiated with the country's Ministry of Science and a trio of companies - Samsung Electronics, Hyundai Motor Group and SK Group - Nvidia will supply more than 260,000 of its chips to help boost Korean artificial intelligence projects. The US company did not disclose the financial terms of the agreements.
Nvidia's CEO, Jensen Huang, is in the country to attend the Asia-Pacific Economic Cooperation CEO Summit and is using the trip to continue with his strategy of pushing for a global push for the widespread use of artificial intelligence and fuelling demand for his company's products. The collaborations in South Korea will help further consolidate Nvidia's equipment in a country with a dynamic technology industry.
As part of the agreements, the South Korean government is building what is known as Sovereign AI, an IT infrastructure that it will directly control. Samsung Electronics, a key supplier of memory chips and one of the world's largest semiconductor manufacturers, will build an 'artificial intelligence factory' that will house over 50,000 Nvidia chips.
Hyundai Motor, meanwhile, has pledged to use a similar number of processors based on Nvidia's Blackwell design. The chips will be used to develop the company's artificial intelligence models and help advance manufacturing and autonomous driving.
