Nvidia Seals AI Cloud and Memory Chip Deals in Seoul; CEO Sees Market Dip as Buying Signal

Nvidia Corp. this week deepened its strategic ties with South Korean industry, striking a pact with SK Telecom to build a gigawatt-scale AI cloud data centre—the first of its kind in the country—and extending its memory chip collaboration with SK Hynix. The announcements, made during a high-profile visit by chief executive Jensen Huang to Seoul, signal that the world’s most valuable chipmaker is anchoring its AI infrastructure ambitions in a country that dominates advanced memory manufacturing.

South Korea’s technology press reported that the SK Telecom project will deliver an “AI factory” by 2027, designed to run sovereign, physical and agentic AI services for enterprises nationwide. Separately, SK Hynix signed a multi-year technical partnership to co-develop next-generation memory chips for AI factories, an undertaking that the companies said would “shape the future of AI infrastructure”. Arabic-language business coverage noted that the collaboration is intended to guarantee stable supplies of cutting-edge memory, even as global production cycles lengthen.

While the industrial announcements dominated coverage in Seoul, Indian financial pages and Russian business outlets seized on Huang’s assessment of the recent rout in technology stocks. Speaking to reporters, he described the global sell-off—sparked by fears of a US interest-rate rise and a sharp pullback in AI shares—as a buying opportunity, adding that the industry is “at the beginning of it”. Viewed from Delhi, the remarks were taken as a bullish signal for Asia’s heavyweight tech investors; Moscow’s Forbes edition highlighted that Huang’s personal fortune, estimated at $177bn, gives his market calls outsized credibility.

The deals illustrate a twin imperative for Nvidia: securing the supply of high-bandwidth memory chips that are the lifeblood of accelerated computing, while building out the sovereign cloud capacity that governments and industries increasingly demand. Analysts note that the Seoul agreements lock in production partnerships and data-centre real estate at a moment when the global race for AI compute is intensifying. Huang’s confident market reading, meanwhile, underlines the conviction that the AI investment cycle has years to run—even if short-term share-price jitters test the nerves of newly minted retail investors.