On Monday, Nvidia Corp (NASDAQ:NVDA) CEO Jensen Huang gathered some of South Korea's biggest technology leaders in Taipei as the chip giant looks to strengthen partnerships critical to powering the next stage of the artificial intelligence boom.
Nvidia Strengthens Korea Partnerships Ahead Of AI Demand Surge
The dinner, held at a traditional Taiwanese restaurant on the sidelines of Computex, brought together executives from major South Korean companies, including SK Hynix, Samsung Electronics (OTC:SSNLF), LG Electronics and Naver, Reuters reported.
Huang described South Korea as an essential piece of Nvidia's growing ecosystem as the company prepares for what he expects will be an increasingly busy period for AI infrastructure expansion.
"I want to go congratulate them, thank them, and also prepare for the second half of this year," Huang told reporters. "It's going to be very busy and next year is going to be incredibly busy."
The Nvidia chief added, "Korea is a critical part of our ecosystem."
Why Samsung And SK Hynix Matter To Nvidia's AI Push
The gathering marked the first time Huang hosted a dedicated event specifically for Korean partners during his Taipei visit.
SK Hynix and Samsung have become increasingly important suppliers in the AI race because of their roles in advanced memory technologies used in AI accelerators and data center infrastructure.
During the event, Huang moved between tables, greeting executives and raising toasts as crowds gathered outside the venue.
Robotics And Korea's Growing Role In AI Infrastructure
Huang said Nvidia is continuing to evaluate investment opportunities in South Korea and expressed interest in expanding into robotics partnerships.
"We always consider investments in Korea," he said, adding that Korean firms are "really smart companies" and "very technical."
Several South Korea-focused ETFs have outpaced Nvidia's year-to-date gains despite the chipmaker's strong rally. Here’s a look:
| Asset | YTD Return | Outperformed Nvidia? |
|---|---|---|
| Nvidia | +35.51% | Baseline |
| iShares MSCI South Korea ETF (NYSE:EWY) | +111.72% | Yes |
| Direxion Daily South Korea Bull 3X ETF (NYSE:KORU) | -39.96% | No |
| Franklin FTSE South Korea ETF (NYSE:FLKR) | +106.77% | Yes |
| PLUS Korea Defense Industry Index ETF (NYSE:KDEF) | +13.94% | No |
| Matthews Korea Active ETF (NYSE:MKOR) | +93.42% | Yes |
Price Action: Shares of Nvidia closed Monday up 6.26% at $224.36 and decreased by 0.17% to $223.97 in after-hours trading, according to Benzinga Pro.
Benzinga Edge Stock Rankings place Nvidia in the 98th percentile for growth, reflecting strength across short, medium and long-term time frames.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo Courtesy: FotoField on Shutterstock.com
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