Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership

SAN FRANCISCO, July 24 (Reuters) - Nvidia and South Korea's SK Group on ​Friday unveiled a more than $500 ‌billion AI initiative spanning large-scale AI data centers and next-generation memory, ​Nvidia said.

The initiative includes ​a long-term partnership with SK Hynix [(000660.KS),](https://www.reuters.com/markets/companies/000660.KS) ⁠to secure next-generation memory ​supply for Nvidia and jointly develop ​high-bandwidth memory for AI training, AI agents and physical AI applications.

As part ​of the initiative, SK Telecom [(017670.KS), ](https://www.reuters.com/markets/companies/017670.KS)​plans to build a 2-gigawatt AI data ‌center ⁠powered by Nvidia's Vera Rubin chips and SK Hynix's HBM4 high-bandwidth memory, with the first ​facility ​due to ⁠come online in 2027, Nvidia added.

Separately, Nvidia said ​it, Naver [(035420.KS), ](https://www.reuters.com/markets/companies/035420.KS)and Brookfield ​plan ⁠to expand Naver's AI data center in South Korea.

[https://www.reuters.com/business/media-telecom/nvidia-sk-group-unveil-500-billion-plus-ai-data-centers-initiative-memory-2026-07-24/](https://www.reuters.com/business/media-telecom/nvidia-sk-group-unveil-500-billion-plus-ai-data-centers-initiative-memory-2026-07-24/)