technology
Nvidia Announces Deals With South Korean Firms for AI Memory Chips
Nvidia signed agreements with several South Korean technology companies to secure memory chips for its artificial intelligence products. The deals were announced during a visit by the company's chief executive to Seoul.
Jun 8, 1:42 AM·1m read3 sources
The Japan TimesAudio version
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Nvidia announced a series of deals on Monday with South Korean technology companies including SK Hynix and Naver. The agreements aim to secure memory chips needed for artificial intelligence systems and to expand the customer base. The company did not disclose the financial value of the arrangements. Partners in the deals also include SK Telecom and Doosan Group.
Background on the Agreements The agreements come as memory chip manufacturers work to meet rising demand for components used in AI hardware. Nvidia stated that the new supply arrangements would help match production capacity with its expansion plans.
The deals were reached during a trip to South Korea by Nvidia's chief executive that began on Friday. Activities during the visit included meetings with corporate leaders and public events. Nvidia and its partners did not release additional details about the scope or timeline of the projects.
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