Nvidia and SK Group ink $500B AI infrastructure pact
Nvidia and SK Group unveil a $500B+ push for AI factories, plus an SK hynix deal to co-build next-gen memory.
Jensen Huang just put a number on Nvidia's Korea bet: $500 billion-plus. Announced July 24, the sprawling partnership with SK Group aims to build out AI data centers and lock in memory supply as global compute demand explodes.
The headline piece is a multiyear tie-up with SK hynix to secure next-gen memory for Nvidia and jointly develop HBM4 for AI training, agents, and physical AI. SK Telecom plans a 2-gigawatt AI data center running Nvidia's Vera Rubin chips on SK hynix HBM4, with the first facility online in 2027. Nvidia, Naver, and Brookfield are also expanding Naver's Korean data center.
One catch: Huang didn't explain how the $500B was calculated or over what timeline — so treat the figure as ambition, not a signed check.
Why it matters: memory is the real bottleneck in AI compute, and Nvidia is buying certainty on HBM4 supply years ahead of the crunch.
Sources
- NVIDIA and SK hynix Announce Multiyear Technology Partnership to Advance Memory for AI Factories nvidianews.nvidia.com
- Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership investing.com
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