Nvidia Expands Global AI Reach with South Korea Mega Deal

Nvidia (NVDA) announced a landmark partnership with South Korea’s government and several of its largest industrial groups to supply more than 260,000 of its next-generation Blackwell AI chips, strengthening the company’s leadership in global AI infrastructure.

Shares of Nvidia were trading around $207.31 (-2.06%), but moved over 2% higher in premarket trading following the announcement.

Distribution of 260,000 Chips

According to Nvidia’s press release, the distribution plan includes:

50,000 chips allocated to AI projects from South Korea’s Ministry of Science and ICT.
50,000 chips each supplied to AI factories under construction by Samsung, Hyundai, and SK Group.
60,000 chips delivered to Naver Cloud to expand its Nvidia-powered AI data centers.

This large-scale supply underscores Nvidia’s pivotal role in enabling national-level AI initiatives and corporate digital transformation across Asia.

Announcement at APEC Summit

The deal was revealed during the Asia-Pacific Economic Cooperation (APEC) summit held in Gyeongju, South Korea.
CEO Jensen Huang attended the event just a day after Nvidia became the first company in history to surpass a $5 trillion market capitalization, marking another milestone in the AI revolution.

Key Takeaways

Nvidia to supply 260,000 Blackwell chips to South Korea’s government and major conglomerates.
Beneficiaries include Samsung, Hyundai, SK Group, and Naver Cloud.
Announced during the APEC Summit in Gyeongju, South Korea.
Comes days after Nvidia crossed the $5 trillion market cap milestone.
Signals deepening ties between Nvidia and Asia’s AI manufacturing ecosystem.