SK and Nvidia chiefs discuss AI ties in Silicon Valley: sources

SK Group Chairman Chey Tae-won met Nvidia Corp. CEO Jensen Huang at a Korean fried chicken restaurant in Silicon Valley last week to discuss AI industry cooperation. Chey's eldest daughter, Chey Yoon-chung, vice president of SK Biopharmaceuticals, also attended the meeting. The venue echoed Huang's October gathering in Seoul with other South Korean business leaders.

SK Group Chairman Chey Tae-won met Nvidia Corp. CEO Jensen Huang for about two hours on Thursday (U.S. time), February 5, at a Korean fried chicken restaurant in Silicon Valley, California. According to industry sources, Chey's eldest daughter, Chey Yoon-chung, vice president of SK Biopharmaceuticals Co., also attended, and the leaders discussed possible cooperation in the artificial intelligence (AI) industry, encompassing chips and biotechnology sectors.

Sources indicated that the two are widely believed to have talked about supply plans for HBM4, the next generation of high-bandwidth memory (HBM) expected to be used in Nvidia's upcoming AI accelerator, dubbed Vera Rubin. They may have also explored ways to cooperate on developing the AI ecosystem in South Korea.

The venue, a Korean-style restaurant, mirrors Huang's October meeting over beer with Hyundai Motor Group Executive Chair Euisun Chung and Samsung Electronics Chairman Lee Jae-yong at a fried chicken restaurant in southern Seoul. Chey has been in the U.S. since earlier this month for meetings with officials from big tech companies, the sources added. This encounter highlights SK Group's interest in expanding AI ties.

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Nvidia-CEO zuversichtlich, dass koreanische Firmen trotz US-Zöllen agil bleiben

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Nvidia-CEO Jensen Huang äußerte Zuversicht, dass südkoreanische Unternehmen die Bedenken hinsichtlich US-Zöllen während des Asia-Pacific Economic Cooperation (APEC)-Gipfels geschickt handhaben werden. Er hob die erheblichen Chancen Koreas in physischer KI und Robotik hervor und lobte die Partnerschaften mit Samsung und SK hynix. Die Äußerungen erfolgten kurz nachdem Seoul und Washington ein Handelsabkommen finalisiert hatten.

South Korea's science ministry has shared views with Nvidia on quickly establishing a research center in the country. Second Vice Science Minister Ryu Je-myung met with a Nvidia executive in California on Friday to discuss the matter. The two sides also explored ways to jointly nurture AI startups.

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Nvidia hat Pläne angekündigt, bis zu 260.000 ihrer neuesten Blackwell-GPUs in Südkorea einzusetzen, in Partnerschaft mit der Regierung und Unternehmen wie Samsung Electronics, SK Group, Hyundai Motor Group und Naver Cloud, um KI-Fabriken zu bauen. Die Initiative wird die KI-Rechenkapazität des Landes steigern und erhebliche Chancen für Samsung und SK hynix bei der Lieferung von High-Bandwidth-Memory-Chips bieten. Nvidia-CEO Jensen Huang lobte während des APEC-CEO-Gipfels in Gyeongju Südkoreas Weltklasse-Speichertechnologie.

Korean chipmakers Samsung Electronics and SK hynix are ramping up memory production to meet surging demand from artificial intelligence (AI) servers. Industry analysts said on Sunday that production capacity is increasingly seen as a key determinant of competitiveness in the global semiconductor industry.

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Samsung Electronics is set to begin shipping the world's first mass-produced HBM4 chips to Nvidia in the third week of this month. The deliveries will follow the Lunar New Year holiday and support Nvidia's Vera Rubin AI accelerator platform.

Despite a hot domestic market, South Korean investors have increased purchases on Hong Kong and mainland exchanges this year. Data shows they bought US$507 million in Hong Kong-listed shares and US$154 million in mainland-listed shares, focusing heavily on AI and semiconductor names.

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South Korean companies' earnings rose 20 percent year-on-year in 2024, driven by increased semiconductor exports. Government data showed combined before-tax net profits reaching 181.9 trillion won, with the manufacturing sector leading the rebound. The year marked a transitional phase for artificial intelligence, boosting chip demand.

 

 

 

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