Nvidia steps up South Korea AI push with 260,000-chip rollout
Update: 2025-10-31
Description
Nvidia's significant deal with South Korea to supply advanced AI chips marks a major step towards the country's AI sovereignty. The agreement involves major Korean companies like Samsung, SK Group, Hyundai, and NAVER Cloud, and will boost the country's AI infrastructure. Nvidia's move comes as a strategic response to losing business in China due to trade tensions, and the market for these projects could reach $1.5 trillion. The deal also includes plans for Korean companies to set up their own AI factories, with NAVER Cloud scaling up with 60,000 GPUs. The Korean Ministry of Science and ICT is also planning to buy more than 50,000 chips to power national AI computing centers. The announcement has positively impacted Nvidia's market, with shares up double digits and the company's market value hitting a record $5 trillion.
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