South Korean conglomerate SK Group, parent of SK Telecom and SK Hynix, solidified its position in the global AI sector by striking deals with US tech firms at an AI summit in San Francisco hosted by South Korea’s President Lee Jae-myung. SK Group, which recently unveiled a long-term AI investment plan worth $642bn, expanded its relationship with Nvidia through an agreement valued at $500bn. The deal includes AI factory infrastructure development by SK Telecom and memory chip provision by SK Hynix, the world’s second-largest supplier of such components. Nvidia noted SK Hynix is “entering into a long-term AI memory partnership with Nvidia,” allowing Nvidia to secure stable supply of next-generation AI memory and enabling SK Hynix to expand growth. The companies will codevelop and optimise next-generation AI memory solutions, including HBM. The partners “aim to accelerate large-scale AI infrastructure development, including sovereign, physical, agentic and enterprise AI services, and jointly address the increasing AI demand across the Asia-Pacific region, including South Korea.” SK Telecom also expanded its AI datacentre cooperation agreements with Amazon Web Services.