Nvidia clinches deals with South Korean giants to advance AI boom

STORY: Jensen Huang’s visit to South Korea paid off with a series of deals announced on Monday.The Nvidia CEO said agreements were reached with South Korean giants like SK Hynix and Naver.“We’re seeing great demand. The business is booming around the world for more AI factories. And so that’s the reason why we’re entering this partnership.:”Huang’s high-profile trip to the country began on Friday.It’s seen him throw a baseball pitch, dine with top corporate leaders and meet a well-known gamer.It comes with the U.S. firm aiming to secure crucial memory chips to power its AI ambitions and draw new customers.SK Group said its SK Hynix and SK Telecom arms had agreed deals with Nvidia.Memory chip maker SK Hynix signed a multi-year technology partnership.It said this commits it to developing advanced types of memory for global AI data centres.SK Hynix and Nvidia said the deal would help supply keep pace with Nvidia’s plans – which now include robotics, personal computers and AI supercomputers.“SK Hynix will continue to be Nvidia’s largest memory partner. And this is a partnership and a friendship that has gone back a long time. I’m very proud of the contribution Nvidia has made to SK Hynix. Huang said the agreement was for more than two years with the option to keep extending.Nvidia said internet giant Naver and Doosan would also use its tech to help build AI data centres.Huang also said Nvidia is partnering with LG Group on electronics, mechanical systems and AI for…