NVIDIA signs multi-year memory deal with SK hynix and partners with SK Telecom and NAVER to build gigawatt-scale AI factories in Korea

NVIDIA entered multi-year agreements with SK hynix to secure next-generation AI memory supply, and is partnering with SK Telecom and NAVER to build gigawatt-scale AI 'factories' and sovereign AI infrastructure in Korea.

The SK hynix agreement focuses on advanced AI memory, a core component for training and running large-scale AI models. The SK Telecom and NAVER projects position NVIDIA's data center and full-stack platforms at the center of sovereign AI builds.

For NVIDIA's narrative, the deals show the company working to keep its AI factory backlog supplied by securing both memory supply and demand. However, reliance on a small number of large partners could increase concentration and execution risk if any projects are delayed or scaled back.