Nvidia has finalized a broad partnership with South Korea’s SK Group valued at more than $500 billion, combining AI infrastructure development with a memory supply arrangement involving SK Hynix, one of the leading producers of high-bandwidth memory used in advanced AI systems.

The announcement was made late Friday at an artificial intelligence conference in San Francisco, where South Korean President Lee Jae Myung was among the dignitaries in attendance. The agreement is aimed in part at securing Nvidia’s access to critical AI memory components as demand for high-bandwidth memory, or HBM, continues to rise alongside global AI infrastructure buildouts.

Shares of Nvidia, traded under the ticker NVDA, closed Friday at $206.84, down 0.92%. After-hours trading was described as relatively flat.

Under the partnership, SK Telecom, part of SK Group, plans to build a 2-gigawatt AI cloud infrastructure facility in Korea using Nvidia’s DSX platform and Vera Rubin accelerated computing systems. The facility is expected to use SK Hynix HBM4 memory, with initial operations projected to begin in 2027.

SK Hynix is a major supplier in the high-bandwidth memory market, a category of advanced chips used to support large-scale AI computing workloads. HBM is central to AI accelerator systems because it provides the memory bandwidth needed to move data quickly between processors and memory during model training and inference. Nvidia’s agreement with SK Hynix is designed to support stable supply access as AI-related demand creates pressure across the HBM supply chain.

SK Group and NVIDIA today announced a $500 billion-plus initiative spanning AI factories and next-generation memory. @SKtelecom is building a 2-gigawatt NVIDIA Vera Rubin DSX AI Factory in Korea to serve global compute demand. @SKhynix and NVIDIA will codevelop… pic.twitter.com/WHf2JtV8Z8 — NVIDIA (@nvidia) July 25, 2026

https://x.com/nvidia/status/2080886765146321314?ref_src=twsrc%5Etfw

“The expansion will include a co-develop opportunity for us on the next-generation SK Hynix AI memory, and this will help us secure a stable supply of HBM memory,” said Raj Mirpuri, Nvidia’s enterprise vice president.

The companies are also expected to work together on next-generation AI memory technologies beyond HBM4, including future versions of high-bandwidth memory.

AI Infrastructure Expansion in Asia-Pacific

The SK Group partnership reflects the growing role of national governments and major conglomerates in AI infrastructure, alongside traditional hyperscale cloud providers. Large AI facilities require not only GPUs and memory, but also power capacity, networking, cooling, data center operations, and local customer ecosystems, making industrial and telecom partners increasingly important to deployment plans.

Nvidia CEO Jensen Huang cited South Korea’s telecommunications networks, data center ecosystem, semiconductor capabilities, and industrial manufacturing base as factors supporting the country’s position in artificial intelligence.

SK Group Chairman Chey Tae-won said success in the AI era depends not only on the use of applications, but also on the ability to generate intelligence at scale.

Nvidia also disclosed a $1 billion funding commitment to Naver, a Korean cloud infrastructure provider building data centers around Nvidia GPU technology. The Naver initiative is intended to provide 200 megawatts of computing capacity and give Korean and international customers faster access to AI computing resources.

Samsung and Broadcom Sign Separate Agreement

In a separate development, Samsung Electronics signed a $200 billion memorandum of understanding with Broadcom to expand cooperation in memory chips and foundry services. Samsung described the arrangement as core infrastructure for next-generation AI systems.

SK Hynix began trading on the Nasdaq exchange earlier this month as part of a strategy to raise funding for infrastructure expansion plans.

SK Group is South Korea’s second-largest business conglomerate. It includes more than 175 affiliated companies and employs more than 100,000 people worldwide. Its businesses span artificial intelligence, semiconductors, energy, and life sciences.