Nvidia chief announces $500 billion SK Group partnership in meeting with Lee

President Lee Jae Myung met Nvidia CEO Jensen Huang in San Francisco on July 24, where the executive outlined major cooperation projects including a $500 billion partnership with SK Group.

The meeting occurred on the first day of Lee's two-day trip to San Francisco, which aimed to promote AI investment and cooperation between global tech firms and South Korean conglomerates.

Huang said Nvidia plans to sign partnerships on chip design and memory design with SK hynix and Samsung Electronics. He also announced plans to jointly develop a self-driving Genesis sedan with Hyundai Motor Group and make a large-scale investment in Naver.

Huang added that Nvidia will work with the Korea Advanced Institute of Science and Technology to build a Korea AI and develop a large language model for South Korea. These commitments are expected during the AI meeting in San Francisco.

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