Nvidia to supply AI chips to Samsung, SK, Hyundai: sources
This photo shows a sign at the venue of the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, North Gyeongsang Province, Monday. Yonhap
U.S. tech giant Nvidia is widely expected to supply artificial intelligence (AI) chips to Korean companies, including Samsung Electronics and SK Group, sources said Wednesday.
This week Nvidia Chief Executive Officer (CEO) Jensen Huang is set to attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Gyeongju, a business-centric gathering running parallel to the annual APEC leaders' summit.
According to the sources, Nvidia is expected to sign supply agreements with Samsung Electronics, SK Group, Hyundai Motor Group and Naver, which are expected to be unveiled Friday.
Huang is expected to meet with Hyundai Motor Group Executive Chair Euisun Chung and Samsung Electronics Chairman Lee Jae-yong in Seoul on Thursday, with some suggesting SK Group Chairman Chey Tae-won may also join the gathering.
During a developers' event held in Washington the previous day, Huang hinted there will be a "delightful" announcement for Koreans and U.S. President Donald Trump.
"The contracts will benefit the Korean government, which aims to make the country one of the leaders in the AI sector, as well as Nvidia, which aims to expand its market," an industry official said.