US chip giant Nvidia will supply more than 260,000 of its most advanced artificial intelligence (AI) chips to South Korea's government, along with tech titans such as Samsung, LG, and Hyundai. This significant move is expected to enhance AI capabilities across various sectors, including semiconductors and autonomous vehicles. CEO Jensen Huang emphasized that these developments signify that South Korea is now poised to 'produce intelligence as a new export.' The exact value of these deals remains undisclosed.
This announcement follows a monumental week for Nvidia, as it became the first company to be valued at $5 trillion, coinciding with hints of improved US-China trade relations. During a CEO summit at the APEC conference in Gyeongju, Huang noted that the AI chips would enable companies to create 'digital twins'—simulated representations of real-world factories—for more effective operations globally.
As South Korea aims to solidify its status as a regional AI hub, President Lee Jae Myung has pledged to prioritize AI investment. The government's plans for 'sovereign AI' infrastructure include establishing computation centers powered by Nvidia chips, ultimately positioning more than 50,000 units in key facilities.
While Nvidia faces challenges amid the US-China trade war, Huang expressed disappointment over losing access to the Chinese market—a source of significant revenue. He remains hopeful for renewed talks with Chinese officials to facilitate Nvidia's chip sales. The growing relationship between Nvidia and South Korean industries highlights the ongoing push for AI advancements and the intricate dynamics of global tech partnerships.
This announcement follows a monumental week for Nvidia, as it became the first company to be valued at $5 trillion, coinciding with hints of improved US-China trade relations. During a CEO summit at the APEC conference in Gyeongju, Huang noted that the AI chips would enable companies to create 'digital twins'—simulated representations of real-world factories—for more effective operations globally.
As South Korea aims to solidify its status as a regional AI hub, President Lee Jae Myung has pledged to prioritize AI investment. The government's plans for 'sovereign AI' infrastructure include establishing computation centers powered by Nvidia chips, ultimately positioning more than 50,000 units in key facilities.
While Nvidia faces challenges amid the US-China trade war, Huang expressed disappointment over losing access to the Chinese market—a source of significant revenue. He remains hopeful for renewed talks with Chinese officials to facilitate Nvidia's chip sales. The growing relationship between Nvidia and South Korean industries highlights the ongoing push for AI advancements and the intricate dynamics of global tech partnerships.
