Nvidia just locked down deal that changes AI race

South Korean President Lee Jae Myung flew to San Francisco connected July 24 for a acme with the astir almighty names successful artificial intelligence. Jensen Huang was there. Sam Altman was there. The heads of Samsung, SK Group, Hyundai Motor and Naver flew in. By the extremity of the day, astir $950 cardinal successful caller AI agreements had been signed, and South Korea had positioned itself arsenic the state astir cardinal to the adjacent signifier of the buildout.

Nvidia (NVDA) is not slowing down its planetary hunt for AI infrastructure partners. The chipmaker has spent overmuch of 2026 signing deals crossed Asia, the Middle East and Europe to unafraid the chips, representation and powerfulness it needs to support gathering AI systems.

On July 24, that hunt landed squarely connected South Korea, with a clump of caller agreements announced wrong hours of each other.

Nvidia, SK Hynix seal $500 cardinal representation deal

Nvidia said connected July 24 that it has locked down AI representation proviso from SK Hynix, South Korea's 2nd astir invaluable company, CNBC reported. The agreement, unveiled precocious that evening successful San Francisco, could beryllium worthy $500 cardinal implicit a fig of years, and it includes large-scale information centers expected to travel online successful 2027.

SK Hynix affiliate SK Telecom volition physique a unreality concern utilizing Nvidia's Vera Rubin systems arsenic portion of the deal.

Nvidia said it is targeting capable capableness to necessitate 2 gigawatts of power, a fig that points to a buildout involving hundreds of thousands of graphics processing units moving together.

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"The enlargement volition see a co-develop accidental for america connected the next-generation SK Hynix AI memory, and this volition assistance america unafraid a unchangeable proviso of HBM memory," Raj Mirpuri, Nvidia's endeavor vice president, told reporters connected a call. High bandwidth memory, known arsenic HBM, sits straight adjacent to AI chips and feeds them information accelerated capable to support costly processors from sitting idle.

SK Hynix (SKHY) has built its caller momentum connected precisely that product. The institution ranked archetypal globally successful HBM gross with a 56.4% stock successful the archetypal 4th of 2026. Its Nasdaq debut showed first-quarter gross reaching 52.58 trillion won, astir $34.5 billion, up 198% from a twelvemonth earlier, with the banal present trading nether the ticker SKHY, arsenic TheStreet reported.

Samsung, Broadcom ink abstracted $200 cardinal pact

A second, unrelated woody landed the aforesaid day. Samsung Electronics said it signed a memorandum of knowing with spot decorator Broadcom to grow their collaboration crossed representation and foundry technologies. The agreement, worthy an estimated $200 billion, is meant to assistance enactment the adjacent procreation of AI infrastructure, Reuters reported.