Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership

NVIDIA

25/07/2026 24:37

SAN FRANCISCO, July 24 (Reuters) - Nvidia NVDA.O and South Korea's SK Group on Friday unveiled a more than $500 billion AI initiative spanning large-scale AI data centers and next-generation memory, Nvidia said.
The initiative includes a long-term partnership with SK Hynix 000660.KS 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 initiative, SK Telecom 017670.KS plans to build a 2-gigawatt AI data center powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first facility due to come online in 2027, Nvidia added.  
Separately, Nvidia said it, Naver 035420.KS and Brookfield plan to expand Naver's AI data center in South Korea.

 (Reporting by Stephen Nellis in San Francisco and Heekyong Yang and Jack Kim in Seoul; Editing by Chris Reese)
 ((Heekyong.Yang@thomsonreuters.com;))