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NVIDIA and SK hynix partner to develop AI memory tech, boosting Korean tech amid chip selloff.

Market News
07 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

NVIDIA and SK hynix announced a multiyear partnership to co-develop next-generation memory for AI systems, including NVIDIA's Vera Rubin supercomputers and other AI platforms. This deal aims to strengthen Korea's tech sector during a global chip market downturn, with additional collaborations involving Naver, Doosan, and SK Telecom to build AI data centers and cloud infrastructure by 2027. While no financial details were disclosed, the partnership signals a strategic move to secure supply and innovation in AI computing. Market sentiment around NVIDIA turned bullish following the news, reflecting optimism about the company's long-term growth in AI technology.

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