Nvidia has announced a $500 billion-plus deal with SK Group that will include the construction of a 2GW 'AI factory' alongside a commitment to co-developing next-generation AI memory, including high-bandwidth memory (HBM).
The companies have signed letters of intent to formalize the deal, Nvidia said in a statement. A letter of intent typically sets out initial terms for an agreement and is usually non-binding.
– Nvidia
The 2GW refers to the announcement made by SK Telecom in June 2026, when it detailed plans to deploy a "gigawatt-scale" AI cloud platform in South Korea based on the Nvidia DSX platform. Powered by the chip giant’s Vera Rubin hardware and SK Hynix HBM4, the first AI factory is slated to come online in 2027.
The Nvidia DSX is a full-stack reference architecture including software, hardware, and operations. The AI cloud platform will provide compute for AI training, inference, and agentic workloads for companies and organizations in South Korea, later expanding to other regions.
