Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage


NVIDIA CEO Jensen Huang and SK Group Chairman Chey Tae-won pose at the SK Hynix booth during the annual Computex in Taipei, Taiwan, June 2, 2026. REUTERS/Ann Wang

SEOUL, June 7 (Reuters) - ⁠Nvidia and South Korea's SK are expected ⁠to announce a plan for cooperation between the ‌two companies on Monday, with the boss of the U.S. chipmaker saying that the ongoing memory shortage would persist for "quite ​a few years".

A spokesperson for ⁠SK Hynix said group ⁠chairman Chey Tae-won and Nvidia CEO Jensen Huang plan ⁠to ‌brief media about the plan on Monday morning, confirming a report by Newsis.

Huang ⁠separately said that Nvidia could make announcements ​with SK ‌on Monday.

"We're working across many industries from AI ⁠supercomputers to ​CPUs to new PCs and robotics. So we are here to plan and maybe tomorrow we have ⁠some announcements," he told reporters, without ​elaborating further.

He also said that he did not see an end to memory shortages.

"The whole industry supply ⁠chain - everything from wafers to packaging to silicon photonics...everything's in short supply because the demand is so high. It is going to persist for several ​years."

Huang was meeting with Chey, ⁠SK Hynix CEO Kwak Noh-jung and other SK executives ​over fried chicken and beer ‌known as "chimaek" at Seoul restaurant ​Kkanbu Chicken.

(Reporting by Hyunjoo Jin, Brenda Goh and Joyce Lee; Editing by Kirsten Donovan)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Others Also Read