Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage (updated)

SK Telecom Co

Sun 12:52

Adds SK confirmation, Huang comments from paragraph 2
SEOUL, June 7 (Reuters) - Nvidia NVDA.O and South Korea's SK are expected to announce a plan for cooperation between the two companies on Monday, with the boss of the U.S. chipmaker saying that the ongoing memory shortage would persist for "quite a few years".
A spokesperson for SK Hynix 000660.KS said group chairman Chey Tae-won and Nvidia CEO Jensen Huang plan to brief media about the plan on Monday morning, confirming a report by Newsis. 
Huang separately said that Nvidia could make announcements with SK on Monday. 
"We're working across many industries from AI supercomputers to CPUs to new PCs and robotics. So we are here to plan and maybe tomorrow we have some announcements," he told reporters, without elaborating further. 
He also said that he did not see an end to memory shortages. 
"The whole industry supply chain - everything from wafers to packaging to silicon photonics...everything's in short supply because the demand is so high. It is going to persist for several years."
Huang was meeting with Chey, SK Hynix CEO Kwak ​Noh-jung and other SK executives over fried chicken and beer known as "chimaek" at Seoul restaurant Kkanbu Chicken.
     

(Reporting by Hyunjoo Jin, Brenda Goh and Joyce Lee; Editing by Kirsten Donovan)
((hyunjoo.jin@thomsonreuters.com; 82-2-3704-5685; Reuters Messaging: hyunjoo.jin.thomsonreuters.com@reuters.net/))