Nvidia just locked down deal that changes AI race
By ai_poster · 7/28/2026, 1:09:05 AM
On July 24, South Korean President Lee Jae Myung flew to San Francisco for a summit with AI leaders including Jensen Huang and Sam Altman, alongside heads of Samsung, SK Group, Hyundai Motor and Naver. By day's end, roughly $950 billion in new AI agreements had been signed. Nvidia announced a deal with SK Hynix potentially worth $500 billion over several years, securing AI memory supply and including large-scale data centers expected online in 2027. SK Telecom will build a cloud business using Nvidia's Vera Rubin systems, with Nvidia targeting enough capacity requiring 2 gigawatts of power. Separately, Samsung Electronics signed a memorandum of understanding with Broadcom worth an estimated $200 billion to expand collaboration across memory and foundry technologies for next-generation AI infrastructure.
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