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

USD -
AED 3.67315
AFN 63.498148
ALL 82.695715
AMD 376.960349
ANG 1.790083
AOA 917.000195
ARS 1386.456033
AUD 1.446508
AWG 1.8
AZN 1.681281
BAM 1.699144
BBD 2.014422
BDT 122.722731
BGN 1.709309
BHD 0.377599
BIF 2966
BMD 1
BND 1.288204
BOB 6.911051
BRL 5.154697
BSD 1.00013
BTN 93.154671
BWP 13.721325
BYN 2.963529
BYR 19600
BZD 2.011459
CAD 1.392105
CDF 2294.999741
CHF 0.798065
CLF 0.023204
CLP 915.560238
CNY 6.871978
CNH 6.89061
COP 3666.29
CRC 465.397112
CUC 1
CUP 26.5
CVE 95.501015
CZK 21.22275
DJF 178.082787
DKK 6.468595
DOP 60.493437
DZD 132.987011
EGP 54.322801
ERN 15
ETB 156.999751
EUR 0.86563
FJD 2.257499
FKP 0.750158
GBP 0.754935
GEL 2.690296
GGP 0.750158
GHS 11.000021
GIP 0.750158
GMD 73.9998
GNF 8780.000278
GTQ 7.651242
GYD 209.312427
HKD 7.836915
HNL 26.620137
HRK 6.524101
HTG 131.271448
HUF 332.436496
IDR 16977
ILS 3.125465
IMP 0.750158
INR 92.901103
IQD 1310
IRR 1318875.000276
ISK 125.009743
JEP 0.750158
JMD 157.682116
JOD 0.709014
JPY 159.282004
KES 130.089763
KGS 87.448803
KHR 4010.498058
KMF 424.499211
KPW 899.994443
KRW 1509.849549
KWD 0.30927
KYD 0.833496
KZT 473.939125
LAK 21954.999732
LBP 89549.999791
LKR 315.52795
LRD 183.850341
LSL 16.82014
LTL 2.95274
LVL 0.60489
LYD 6.374973
MAD 9.325021
MDL 17.597769
MGA 4175.000158
MKD 53.353705
MMK 2099.621061
MNT 3572.314592
MOP 8.074419
MRU 40.130023
MUR 46.809536
MVR 15.450091
MWK 1736.999933
MXN 17.849665
MYR 4.039008
MZN 63.959783
NAD 16.820084
NGN 1380.860247
NIO 36.709871
NOK 9.726703
NPR 149.047474
NZD 1.74546
OMR 0.384371
PAB 1.000126
PEN 3.459504
PGK 4.311498
PHP 60.332986
PKR 279.204736
PLN 3.70189
PYG 6469.6045
QAR 3.644502
RON 4.412899
RSD 101.609022
RUB 80.203181
RWF 1461
SAR 3.754117
SBD 8.048583
SCR 13.709478
SDG 601.00032
SEK 9.42538
SGD 1.284545
SHP 0.750259
SLE 24.598309
SLL 20969.510825
SOS 571.500048
SRD 37.350979
STD 20697.981008
STN 21.5
SVC 8.75114
SYP 110.548921
SZL 16.800677
THB 32.6085
TJS 9.585632
TMT 3.5
TND 2.91425
TOP 2.40776
TRY 44.487199
TTD 6.78508
TWD 31.916006
TZS 2600.00002
UAH 43.803484
UGX 3752.226228
UYU 40.501271
UZS 12200.000236
VES 473.325195
VND 26336
VUV 120.132513
WST 2.770875
XAF 569.874593
XAG 0.013815
XAU 0.000214
XCD 2.70255
XCG 1.80252
XDR 0.703479
XOF 564.499161
XPF 103.296241
YER 238.625044
ZAR 16.884401
ZMK 9001.196378
ZMW 19.327487
ZWL 321.999592
  • RIO

    -1.1300

    93.68

    -1.21%

  • RBGPF

    -13.5000

    69

    -19.57%

  • CMSC

    0.0770

    22.067

    +0.35%

  • RYCEF

    0.5500

    15.64

    +3.52%

  • GSK

    0.5700

    56.56

    +1.01%

  • NGG

    0.7200

    87.56

    +0.82%

  • BTI

    0.4700

    58.36

    +0.81%

  • RELX

    0.2250

    33.455

    +0.67%

  • VOD

    0.0300

    15.16

    +0.2%

  • BCE

    -1.1450

    24.235

    -4.72%

  • AZN

    0.9450

    201.675

    +0.47%

  • CMSD

    -0.0500

    22.1

    -0.23%

  • BCC

    -2.8600

    72.22

    -3.96%

  • BP

    0.8150

    46.985

    +1.73%

  • JRI

    0.0300

    12.55

    +0.24%

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