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NVIDIA logo is seen in this illustration taken July 20, 2026. Dado Ruvic/Illustration
NVIDIA logo is seen in this illustration taken July 20, 2026. Dado Ruvic/Illustration
Home
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Media & Telecom

Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership

July 24th, 2026 | 23:53 PM BUSINESS Media & Telecom 1

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By Reuters

Nvidia (NVDA.O) and South Korea's SK Group on ​Friday unveiled a more than $500 ‌billion AI initiative spanning large-scale AI data centers and next-generation memory, ​Nvidia said.

The initiative includes ​a long-term partnership with SK Hynix (000660.KS) ⁠to secure next-generation memory ​supply for Nvidia and jointly develop ​high-bandwidth memory for AI training, AI agents and physical AI applications.

As part ​of the initiative, SK Telecom (017670.KS) ​plans to build a 2-gigawatt AI data ‌center ⁠powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first ​facility ​due to ⁠come online in 2027, Nvidia added.

Separately, Nvidia said ​it, Naver (035420.KS) and Brookfield ​plan ⁠to expand Naver's AI data center in South Korea.

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  • SK GROUP/DATA CENTERS (URGENT)
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