US chip giant Nvidia will supply more than 260,000 of its most advanced artificial intelligence (AI) chips to South Korea's government, as well as Samsung, LG, and Hyundai.

The companies will all deploy AI chips in factories to make everything from robots to autonomous vehicles.

"Just as Korea's physical factories have inspired the world with sophisticated ships, cars, chips and electronics, the nation can now produce intelligence as a new export that will drive global transformation," Nvidia's chief executive Jensen Huang said, days after Nvidia became the first in the world to be valued at $5 trillion.

Mr Huang did not disclose the value of the deal or when the projects can be expected.

Speaking at a CEO summit on the sidelines of Asia Pacific Economic Cooperation (Apec) in Gyeongju, South Korea, Mr Huang added that with the chips, companies would be able to create "digital twins" with other factories around the world.