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 Jensen Huang at APEC summit, expressing confidence in Korean firms amid US tariffs, with flags and company logos in the background.
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Nvidia CEO confident Korean firms agile amid US tariffs

Iniulat ng AI Larawang ginawa ng AI

Nvidia CEO Jensen Huang expressed confidence that South Korean companies will nimbly handle US tariff concerns during the Asia-Pacific Economic Cooperation (APEC) summit. He highlighted Korea's significant opportunities in physical AI and robotics, while praising partnerships with Samsung and SK hynix. The remarks came shortly after Seoul and Washington finalized a trade deal.

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.

Iniulat ng AI

Nvidia has announced plans to deploy up to 260,000 of its latest Blackwell GPUs in South Korea, partnering with the government and companies like Samsung Electronics, SK Group, Hyundai Motor Group, and Naver Cloud to build AI factories. The initiative will boost the country's AI computing capacity and offer significant opportunities for Samsung and SK hynix in supplying high-bandwidth memory chips. Nvidia CEO Jensen Huang praised South Korea's world-class memory technology during the APEC CEO Summit in Gyeongju.

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.

Iniulat ng AI

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.

Iniulat ng AI

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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