The China Mail - Nvidia to supply 260,000 cutting-edge chips to South Korea

USD -
AED 3.672502
AFN 63.999576
ALL 80.977186
AMD 362.829809
ANG 1.790365
AOA 918.000184
ARS 1524.997501
AUD 1.43976
AWG 1.8025
AZN 1.69885
BAM 1.722428
BBD 2.015086
BDT 123.012972
BGN 1.683441
BHD 0.376997
BIF 2995
BMD 1
BND 1.277405
BOB 12.040458
BRL 5.181501
BSD 1.000454
BTN 95.892522
BWP 14.09417
BYN 3.010995
BYR 19600
BZD 2.012171
CAD 1.423715
CDF 2309.999986
CHF 0.835405
CLF 0.024646
CLP 973.179852
CNY 6.704751
CNH 6.709685
COP 3314.79
CRC 456.985341
CUC 1
CUP 24.01166
CVE 97.750138
CZK 21.561986
DJF 177.719945
DKK 6.598698
DOP 59.697254
DZD 133.911021
EGP 51.938599
ERN 15
ETB 163.421342
EUR 0.88272
FJD 2.24775
FKP 0.756991
GBP 0.754035
GEL 2.60498
GGP 0.756991
GHS 11.699323
GIP 0.756991
GMD 73.5159
GNF 8798.844552
GTQ 7.643396
GYD 209.328131
HKD 7.84663
HNL 26.859007
HRK 6.650974
HTG 130.939066
HUF 323.646983
IDR 17897.45
ILS 3.07365
IMP 0.756991
INR 95.93015
IQD 1310.606294
IRR 1693792.500038
ISK 120.930408
JEP 0.756991
JMD 158.336929
JOD 0.709025
JPY 157.684016
KES 129.709357
KGS 87.448698
KHR 4057.22564
KMF 435.00025
KPW 900.000318
KRW 1358.609932
KWD 0.30894
KYD 0.833726
KZT 440.074329
LAK 22455.503791
LBP 89592.031739
LKR 330.60617
LRD 171.583824
LSL 16.385613
LTL 2.95274
LVL 0.60489
LYD 6.399
MAD 9.71296
MDL 17.763022
MGA 4394.578552
MKD 54.34255
MMK 2099.600314
MNT 3599.1704
MOP 8.086624
MRU 40.069045
MUR 47.760183
MVR 15.450398
MWK 1734.754084
MXN 18.076375
MYR 4.083989
MZN 63.909674
NAD 16.385685
NGN 1327.250222
NIO 36.821108
NOK 9.626335
NPR 153.428035
NZD 1.77508
OMR 0.384499
PAB 1.000449
PEN 3.44424
PGK 4.528402
PHP 62.740501
PKR 277.158584
PLN 3.85239
PYG 5852.979771
QAR 3.647324
RON 4.6567
RSD 103.766003
RUB 83.375789
RWF 1477.228194
SAR 3.755513
SBD 8.032647
SCR 13.871342
SDG 601.495377
SEK 10.00818
SGD 1.27803
SHP 0.755829
SLE 24.649652
SLL 20969.491881
SOS 571.727998
SRD 37.6215
STD 20697.981008
STN 21.576683
SVC 8.75393
SYP 13002.000254
SZL 16.377071
THB 33.619691
TJS 9.214436
TMT 3.51
TND 2.978703
TOP 2.40776
TRY 49.036597
TTD 6.787408
TWD 31.882899
TZS 2640.003023
UAH 44.690709
UGX 3921.672237
UYU 40.308767
UZS 11835.41907
VES 857.98905
VND 25962
VUV 119.008285
WST 2.76852
XAF 579.026255
XAG 0.016607
XAU 0.000240904065
XCD 2.70255
XCG 1.803098
XDR 0.707052
XOF 579.026255
XPF 105.029547
YER 236.402537
ZAR 16.43561
ZMK 9001.197648
ZMW 19.559579
ZWL 321.999592
SSP 5712.591902
MXV 2.046206
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

Nvidia to supply 260,000 cutting-edge chips to South Korea
Nvidia to supply 260,000 cutting-edge chips to South Korea / Photo: © POOL/AFP

Nvidia to supply 260,000 cutting-edge chips to South Korea

US tech giant Nvidia said on Friday it will supply 260,000 of its most cutting-edge chips to South Korea, as CEO Jensen Huang met President Lee Jae Myung and the heads of Korea's biggest companies on the sidelines of the APEC summit.

Text size:

South Korea is home to two of the world's leading memory chip makers -- Samsung Electronics and SK hynix -- which manufacture chips essential for artificial intelligence products and the data centres that the fast-evolving industry relies on.

President Lee has also expressed his hope the country can become a leading AI power.

Nvidia said it was "working with South Korea to expand the nation's AI infrastructure with over a quarter-million Nvidia GPUs across its sovereign clouds and AI factories".

Under Friday's deal, 50,000 of the graphics processing units will go towards a new "AI factory" being built by Samsung Electronics.

"By deploying more than 50,000 Nvidia GPUs, AI will be embedded throughout Samsung's entire manufacturing flow," the Korean tech giant said.

SK Group and Hyundai Motor Group will also receive 50,000 chips for use in AI facilities.

NAVER Cloud -- which operates South Korea's largest search engine -- will receive 60,000 to expand its AI infrastructure.

A further 50,000 will be deployed across Seoul's National AI Computing Center and to cloud service and IT providers.

"Korea's leadership in technology and manufacturing positions is at the heart of the AI industrial revolution -- where accelerated computing infrastructure becomes as vital as power grids and broadband," Nvidia CEO Huang said.

- Chicken and chips -

Huang has sought to forge closer ties with South Korean tech giants in his visit to the country this week.

He met Samsung Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Eui-sun on Thursday for "chimaek" -- a beloved South Korean pairing of fried chicken and beer -- in the capital Seoul.

The restaurant, Kkanbu, was reportedly chosen by Nvidia because the term -- popularised by Netflix's megahit "Squid Game" and meaning "friend" -- was intended to highlight the spirit of friendship underpinning their AI and chip collaborations.

Nvidia in July became the first company to top $4 trillion in market capitalisation, and followed that up by becoming the first to hit $5 trillion following a company event on Tuesday where it announced new ventures building on its AI technology.

Its chips drive much of the global AI industry and even featured in talks between US President Donald Trump and Chinese leader Xi Jinping in Gyeongju this week.

Beijing has ramped up its chip industry to beat Washington's export restrictions on the critical component used to power AI systems.

Nvidia has been caught in the middle of that geopolitical tussle. Its chips are currently not sold in China due to a combination of Beijing government bans, US national security concerns and ongoing trade tensions.

Huang has urged the United States to allow the sale of US-made AI chips in China in order to ensure Silicon Valley companies remain a global powerhouse in providing artificial intelligence.

"We did discuss chips," Trump said after meeting Xi, adding that Huang would speak to Beijing about the dispute.

"We're sort of the arbitrator or the referee," Trump said.

G.Fung--ThChM