Zhitong Finance learned that the head of South Korea's SK Group stated that he met with NVIDIA's CEO Jensen Huang to discuss ways to cooperate in a wide range of areas, including bringing AI into the physical realm. SK Hynix, a subsidiary of the group, is a major supplier of NVIDIA's cutting-edge AI storage chips. Jensen Huang talked about expanding AI into a broader physical world to develop tools that can 'perform, reason, plan, and act.' According to NVIDIA, this will transform an industry worth 50 trillion dollars.

SK Group's Director Chey Tae-won expressed during the meeting with Jensen Huang that South Korea, as a major manufacturing nation, has a unique advantage in collaborating with NVIDIA to promote the next leap in AI.

Secondly, Chey Tae-won stated that the development speed of high bandwidth memory (HBM) by SK Hynix, the group's storage chip manufacturer, has already surpassed NVIDIA's required supply rate, indicating an increase in leverage in negotiations with NVIDIA.

Chey Tae-won commented at a press conference held at the Las Vegas Convention Center regarding his earlier meeting with NVIDIA CEO Jensen Huang, stating: 'Until recently, SK Hynix's HBM development speed was still lagging behind NVIDIA's requirements, thus they urged us to accelerate our progress. (Huang and I) discussed and confirmed the HBM timeline established at the working level, and we have already determined this year's supply volume, but I can't recall the specific number.'

On the same day, while meeting with reporters at the International Consumer Electronics Show (CES), Chey Tae-won mentioned that the two companies also discussed the high bandwidth storage chips used by SK Hynix together with NVIDIA's AI accelerators. He stated that SK Hynix has been accelerating the development of the next generation of HBM chips to meet the demands of NVIDIA, which is based in Santa Clara, California. Both companies benefit from the favor that large corporations and governments have for NVIDIA chips, which are the gold standard for training AI algorithms.