Summary
Nvidia has struck major deals to supply over 260,000 advanced AI chips to South Korea's government and large companies like Samsung, LG, and Hyundai. These deals aim to boost South Korea's AI infrastructure and position it as a regional leader in AI technology. Nvidia is also navigating impacts from the U.S.-China trade tensions which have affected its business in China.
Key Facts
- Nvidia will supply more than 260,000 AI chips to South Korea's government and major companies like Samsung, LG, and Hyundai.
- The AI chips will be used in various applications, including robots and autonomous vehicles.
- South Korea plans to enhance its AI infrastructure and become a regional leader in the technology.
- Nvidia recently became the first company valued at $5 trillion.
- The deals are part of Nvidia’s strategy to expand AI globally.
- Nvidia’s revenue from China dropped significantly due to U.S.-China trade tensions.
- South Korea intends to establish "sovereign AI" infrastructure using more than 50,000 Nvidia chips.
- U.S.-China trade tensions have led Chinese companies like Huawei and Alibaba to develop rival chips.
