NVIDIA CEO Jensen Huang met with South Korea's President over a beer, as NVIDIA partners with SK Group on a $500 billion AI initiative.

South Korean President Lee Jae-myung, during his visit to Silicon Valley, held a "beer summit" with global AI leaders, as Samsung Electronics and SK Hynix signed major multi-billion-dollar deals with leading U.S. technology companies. According to South Korea’s Presidential Office Policy Office, local conglomerates have reached agreements with global tech giants including Nvidia for a series of cooperation projects totaling $950 billion. Under the deals, SK Group will supply high-performance semiconductors worth $750 billion to global tech firms including Nvidia, while Samsung Electronics will provide chips worth $200 billion to Broadcom. Nvidia announced this Friday that it will partner with South Korea’s SK Group on an AI initiative valued at over $500 billion, covering large-scale AI data center construction and next-generation memory technology. The plan includes a long-term partnership with SK Hynix, designed to secure next-generation memory supplies for Nvidia and co-develop high-bandwidth memory (HBM) for AI training, AI agents, and physical AI applications. SK Telecom plans to build a 2-gigawatt (GW) AI data center that will use Nvidia’s Vera Rubin chips and SK Hynix’s HBM4 high-bandwidth memory, with the first facility expected to become operational in 2027.