Nvidia SK Group $500B AI Initiative

Nvidia and South Korea's SK Group unveiled a more than $500 billion AI initiative covering large-scale AI data centers and next-generation memory. The initiative includes a long-term partnership with SK Hynix to secure next-generation memory supply for Nvidia and jointly develop high-bandwidth memory for AI training, AI agents, and physical AI applications. SK Telecom plans to build a 2-gigawatt AI data center powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 memory, with the first facility due online in 2027. Separately, Nvidia, Naver, and Brookfield Asset Management plan to expand Naver's AI data center in South Korea. The projects place South Korea's memory-chip manufacturing base at the center of Nvidia's push to expand computing capacity across Asia.