Nvidia and SK Group unveil $500B+ AI initiative with SK Hynix memory partnership

Nvidia and South Korea's SK Group unveiled a more than $500 billion AI initiative on Friday spanning large-scale AI data centers. The partnership includes a joint development agreement with SK Hynix to secure next-generation memory supply for Nvidia and develop HBM technology. Nvidia will invest $1 billion in Naver to help finance an AI data center under construction in South Korea. The companies plan to build more than 2 GW of AI data centers as part of the broader initiative.