Nvidia Signs AI Infrastructure Deals in Korea and Partners with LG on Factory Projects
NVDA•Nvidia CEO Jensen Huang hailed Marvell as a future trillion-dollar company, fueling a surge and securing S&P 500 inclusion on June 22 despite a 17% pullback. Nvidia also signed AI infrastructure deals with South Korean firms and partnered with LG Group on AI factories, robotics and autonomous driving.
1. Nvidia CEO Endorses Marvell
Nvidia CEO Jensen Huang called Marvell the next trillion-dollar company, sparking a stock surge followed by inclusion in the S&P 500 on June 22 despite a later 17% pullback.
2. AI Infrastructure Deals with South Korean Firms
Nvidia entered agreements with multiple South Korean technology firms to supply AI infrastructure solutions including GPUs and networking hardware, aiming to strengthen its presence in the Asian market.
3. Korea Partnership with LG Group
Nvidia and LG Group formed a wide-ranging partnership to develop a Korean-based AI factory and collaborate on robotics and autonomous driving technologies.
