Nvidia Secures SK Hynix Partnership in $500B AI Venture

WHO:

CNBC - Jensen Huang, chief executive officer of Nvidia Corp.

CNBC - SK Hynix, South Korea's second most valuable company.

CNBC - President Lee Jae Myung, South Korean official.

CNBC - Raj Mirpuri, Nvidia enterprise vice president.

CNBC - SK Telecom, an affiliate of SK Hynix.

CNBC - Naver, a Korean cloud company.

WHAT:

CNBC - Nvidia is targeting enough capacity to require 2 gigawatts of power for the AI data centers.

Techmeme - Nvidia plans to build more than 2 GW of AI data centers in partnership with SK Group.

CNBC - Nvidia secured AI memory supply from SK Hynix as part of a deal worth $500 billion.

CNBC - The agreement includes the construction of large-scale data centers expected to come online in 2027.

CNBC - Nvidia will invest $1 billion into Naver for building data centers around its GPUs.

CNBC - The project aims to provide 200 megawatts of AI computing capacity.

WHERE:

CNBC - The agreement was announced in San Francisco.

CNBC - The AI summit where the deal was announced took place in San Francisco.

CNBC - Data centers will be built in South Korea.

WHEN:

CNBC - The data centers are expected to come online in 2027.

CNBC - SK Hynix was listed on the Nasdaq earlier in the month of July.

WHY:

Techmeme - The collaboration with SK Hynix is part of Nvidia's strategy to secure next-generation memory supply for its GPUs and systems.

CNBC - The deal is part of Nvidia's strategy to secure high-bandwidth memory due to a global memory shortage caused by the AI boom.

CNBC - The expansion will help secure a stable supply of HBM memory for Nvidia.

HOW:

Bloomberg - SK Group Chair Chey Tae Won stated that AI developer Anthropic has asked SK Hynix for supplies to make its own chips.

CNBC - SK Telecom will build a cloud business using Nvidia's Vera Rubin systems.

CNBC - The agreement includes a co-development opportunity for next-generation SK Hynix AI memory.

(UPDATED July 25, 2026 14:26 UTC)

Nvidia is ramping up its efforts in the AI sector by planning to build more than 2 gigawatts of AI data centers in partnership with SK Group, which will require a significant amount of power. This collaboration is also aimed at securing next-generation memory supply for Nvidia's GPUs and systems, as highlighted by SK Group Chair Chey Tae Won. Additionally, AI developer Anthropic has reached out to SK Hynix for supplies to manufacture its own chips, further emphasizing the growing demand in this field.

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(UPDATED July 25, 2026 13:24 UTC)

Nvidia has secured a massive $500 billion deal with SK Hynix to ensure a stable supply of high-bandwidth memory amid a global shortage driven by the AI boom. As part of this agreement, Nvidia will invest $1 billion into Naver to build data centers around its GPUs, with the first of these facilities expected to come online in 2027 in South Korea. The deal was announced during an AI summit in San Francisco, where it was also revealed that SK Telecom will develop a cloud business utilizing Nvidia's Vera Rubin systems.