Nvidia and South Korea's SK Group unveiled a new AI initiative valued at $500 billion spanning large-scale AI data centers and next-generation memory.
The initiative includes a long-term partnership with SK Hynix 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 agreement, SK Telecom plans to build a 2-gigawatt data center powered by Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory chips. The data center is due online in 2027.
Samsung Electronics said it will work with Broadcom on the development of its next-generation AI accelerator based on Samsung's HBM technology and provide it with sub-2-nanometer foundry process and advanced packaging solutions.
SK Chairman Chey said AI customers were seeking far more memory than previously anticipated, pointing to recent discussions with Nvidia, Anthropic, OpenAI and Broadcom.
Chey said Nvidia's projected memory requirement over the next five years could soon prove to be higher.
"I wouldn't be surprised if, the next time I see (Huang), he'll tell me those figures were too low and say, 'I want more,'" Chey said.
He said Broadcom CEO Hock Tan also told him the company's memory demand was likely to surpass available supply, and that Anthropic was regularly checking on future chip availability as it moves beyond developing AI models to building computing capacity.
Chey said OpenAI would require enormous computing power and had urged SK to supply chips directly to the ChatGPT maker.
The SK Group chairman also said Anthropic was making its own "computing power" without elaborating, potentially referring to a plan reported by Reuters that the AI lab is exploring the possibility of designing its own chips.
An Anthropic spokesperson said the startup was always exploring options and drawing on a range of chips for a diversified approach to computing.
Anthropic CEO Amodei made no comment on the reported plan, saying the company had signed supply deals with Samsung Electronics and SK Hynix, without providing further details.
In May, Anthropic raised funding at a post-money valuation of $965 billion, naming Samsung Electronics, SK Hynix and Micron as partners whose technologies play a critical role in the supply of memory, storage and logic chips.
President Lee is due to attend a Silicon Valley meeting on Saturday between South Korea's National Pension Service, the world’s third-largest pension fund, and U.S.-based venture-capital firms to encourage investment in South Korean startups.
The events underscore Lee's efforts to attract global capital and technology partners as he pursues one of the world's most ambitious state-backed AI drives.
Last month, Lee unveiled three massive state-driven projects anchored by Samsung Electronics and SK Hynix to build semiconductor production clusters, physical AI ecosystems and AI data centers as part of a sweeping industrial strategy with more than $576 billion in investment.
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