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NC’s 25-year partnership with Nvidia took center stage during Jensen Huang’s recent visit to Seoul, highlighting how Korea’s gaming and esports culture helped fuel the rise of the AI chip giant long before it became the world’s most valuable company. “NC has been with Nvidia when we were announcing the Lineage series in the early 2000s,” said Kim Taek-jin, NC founder and co-CEO, as he stood by Nvidia CEO Jensen Huang during the game-maker’s Aion 2 gamer event held at a PC gaming cafe in Gangnam

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SK hynix orders new equipment worth 44.2 bln won for next-gen HBM4

SK hynix Inc. has ordered new high-bandwidth memory (HBM) production equipment from Hanmi Semiconductor in a deal worth 44.2 billion won (US$28.7 million), a regulatory filing showed Monday, in a possible bid to expand production of HBM4 products for U.S. chip giant Nvidia Corp. Hanmi Semiconductor said in a regulatory filing it has won the deal to supply thermo-compression (TC) bonders to SK hynix through early September. A TC bonder, considered core equipment in HBM production, is used to stac

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Korea pushes for faster Nvidia AI infrastructure rollout

Korea’s ICT minister met Nvidia CEO Jensen Huang in Seoul on Monday to discuss bringing more of the US chipmaker’s AI computing infrastructure to Korea and expanding cooperation in physical AI. Deputy Prime Minister and ICT Minister Bae Kyung-hoon met Huang during Nvidia’s Korea AI Ecosystem Reception in Seoul, the Ministry of Science and ICT said. Talks focused on the planned delivery of 260,000 Nvidia GPUs, the introduction of Vera Rubin-based AI factories in Korea, and closer cooperation betw

No Korean casualties reported after powerful Philippines earthquake, Seoul says

South Korea's Ministry of Foreign Affairs said Monday that no South Korean nationals have been reported killed or injured following a powerful earthquake that struck the southern Philippines. A magnitude 7.8 earthquake hit the Mindanao region at around 7:37 a.m. Monday, according to the United States Geological Survey, triggering building collapses and widespread panic across parts of the archipelago. The South Korean ministry said it had confirmed no casualties among South Korean nationals as o

Kospi suffers worst day of year as global chip rout spreads

The South Korean benchmark Kospi suffered the worst day of the year as chip stocks tumbled, mirroring a rout in US semiconductor stocks on Wall Street. Soon after opening 1.38 percent lower at 8,048.09, selling accelerated, pushing the index below the 8,000 mark. The index later recouped some of its losses in afternoon trading but was still down 5.18 percent at 7,737.63 as of 1:30 p.m. A circuit breaker was triggered at 9:03 a.m., halting program trading for 20 minutes. The measure was activated

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Doosan seeks bigger role in Nvidia's AI factory ecosystem

Doosan Group said Monday it would deepen ties with US chip giant Nvidia in physical AI-driven robotics and AI factories, expanding their partnership beyond collaborative robots to build a broader AI value chain. Based on the partnership, Doosan will combine its manufacturing expertise in robotics, energy solutions and advanced materials for AI semiconductors with Nvidia’s accelerated computing and Physical AI platforms to explore new business opportunities. One of the expected synergies is Doosa

SK, Nvidia expand chip alliance into AI infrastructure

SK Group and Nvidia are taking their long-running chip partnership into the artificial intelligence infrastructure race, with plans to build what they call “AI factories” in Korea. SK Group Chairman Chey Tae-won and Nvidia CEO Jensen Huang laid out the plan Monday during a joint briefing at SK Group's headquarters in central Seoul, signaling a broader alliance that moves beyond the memory chips that have tied the two companies together through the global AI boom. “Most of our cooperation so far

Lee highlights growth-focused use of chip tax windfall

President Lee Jae Myung on Monday said excess tax revenue from the semiconductor boom should be used for long-term investments to boost growth, while taking a cautious stance on calls for companies to share excess profits with workers. The remarks came during a press conference marking the first anniversary of his inauguration at Cheong Wa Dae in Seoul. Lee said excess tax revenue could fluctuate depending on economic conditions and should therefore be used for future generations and to strength

SK hynix announces multiyear deal with Nvidia for AI factories

South Korean chipmaker SK hynix Inc. said Monday it has signed a multiyear technology partnership with Nvidia Corp. to advance next-generation memory technologies for artificial intelligence factories. The agreement builds on years of co-engineering between the two companies that has supported some of the world's most advanced AI computing platforms, SK hynix said. "SK hynix and Nvidia have been building toward this for years, and this partnership reflects the depth of that collaboration," SK Gr

Kospi slides 8% on US chip sell-off

The South Korean benchmark Kospi plunged more than 8 percent Monday, mirroring a rout in US semiconductor stocks on Wall Street, which triggered a circuit breaker. The Kospi opened 1.38 percent lower at 8,048.09. Soon after the opening bell, selling accelerated, pushing the index below the 8,000 mark. It stood at 7,477.46, down 8.37 percent, as of 9:12 a.m. A circuit breaker was triggered, halting program trading for 20 minutes after the benchmark index plunged more than 8 percent. Foreign inves

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Nvidia taps Naver for gigawatt-scale AI cloud push in Korea

Nvidia and Naver are expanding their artificial intelligence infrastructure partnership and sovereign AI initiative, using the Korean internet giant’s existing data center in Sejong as the starting point to scale AI cloud capacity toward gigawatt-level AI factories. Nvidia said in a media prebriefing early Monday that it will work with Naver across its full AI stack, from DSX-based AI factories to Nemotron-powered sovereign AI models and Cosmos-enabled physical AI, as the US chip giant seeks to

Nvidia, SK chiefs meet again for ‘Kkanbu summit’ as AI ties deepen

Nvidia CEO Jensen Huang met SK Group Chairman Chey Tae-won over fried chicken and beer in southern Seoul on Sunday, their second meeting in two days, as the two sides continued to signal closer ties in artificial intelligence. The latest meeting, held at Kkanbu Chicken in Samseong-dong, southern Seoul, came as Nvidia and SK Group are expanding cooperation across AI chips, high-bandwidth memory and next-generation telecom networks. Huang and Chey arrived at the restaurant at around 6:50 p.m. Huan

KT&G emerges as unlikely foreign favorite

So far, 2026 has been as good as it gets for South Korea's benchmark Kospi, with investors piling into chipmakers and artificial intelligence-driven data center plays. But outside the AI trade, few stocks have attracted as much attention as KT&G. Foreign ownership of the tobacco maker recently exceeded 50 percent for the first time in seven years as its shares climbed to a record 190,000 won ($123), up from a 52-week low of 119,200 won. With foreign ownership now on par with SK Hynix and surpass

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Samsung's top union loses majority status after chip-heavy bonus deal

Samsung Electronics' largest labor union has lost its majority status just two months after winning legal recognition, as workers in the company's non-chip division quit to protest a wage deal that favored semiconductor employees. The Samsung Electronics branch of the Samsung Group Employees' Union had 58,270 members as of 3 p.m. on Thursday, according to the union. That is down by nearly 18,000 from more than 76,000 at the end of April, when it held a rally to vote on a strike. Samsung Electron

Kospi plunges 5% on US chip stock rout

South Korea's benchmark Kospi tumbled more than 5 percent in early trading Friday, tracking a sharp selloff in semiconductor stocks on Wall Street after Broadcom's earnings and outlook disappointed investors. The Kospi opened at 8,323.2, down 3.66 percent from the previous session. Losses deepened shortly after the opening bell, with the index falling to 8,190.25 as of 9:15 a.m., down 5.2 percent on-session. The decline pushed the benchmark below the 8,100 mark during trading. A sell-side sideca

Chey deepens AI alliances as Huang heads to Seoul

SK Group Chairman Chey Tae-won is strengthening alliances with the world's most influential AI chipmakers, holding talks with TSMC Chairman C.C. Wei in Taiwan days after meeting Nvidia CEO Jensen Huang. The meeting, held on Wednesday, was the first in-person talk between Chey and Wei since June 2024, SK hynix said Thursday. It came as global AI chip supply chains face growing bottlenecks amid surging demand from big tech companies. The two leaders discussed expanding cooperation in next-generati

Could SpaceX, OpenAI IPOs derail Korea's chip rally?

The blockbuster IPOs of SpaceX, OpenAI and Anthropic could trigger a bout of profit-taking in South Korea's soaring chip stocks, as investors rotate capital into some of Wall Street's most anticipated listings. Elon Musk's rocket and satellite maker SpaceX aims to list its shares as early as June 12, in what could become the biggest initial public offering of all time. Anthropic, developer of the Claude AI model, has also recently filed to go public, setting the stage for a closely watched IPO r

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Jensen Huang to meet executives from Krafton during Seoul visit: sources

The head of US chip giant Nvidia Corp., Jensen Huang, is expected to meet with executives of Krafton Inc., a local game developer, during his visit to Seoul this week, industry sources said Thursday. Huang is reportedly meeting Krafton's Executive Director Chang Byung-gyu, and other senior managers from the company, though the exact dates have yet to be confirmed, the sources said. The two companies are likely to discuss gaming partnerships related to Nvidia's RTX Spark, a type of semiconductor

Nvidia's Jensen Huang to throw out ceremonial 1st pitch at KBO game in Seoul

Nvidia Corp. CEO Jensen Huang will throw out the ceremonial first pitch before a South Korean baseball game in Seoul this weekend. The Doosan Bears of the Korea Baseball Organization announced Thursday that Huang will do the honors before their game against the Kiwoom Heroes at Jamsil Baseball Stadium in Seoul at 5 p.m. Sunday. The Bears said Huang will don a Bears jersey bearing No. 93, a nod to his chip company's founding year of 1993. The Bears added Doosan Group Chairman Park Jeong-won will

OECD revises up S. Korea's 2026 growth outlook to 2.6%

The Organization for Economic Cooperation and Development on Wednesday raised South Korea's economic growth outlook for this year to 2.6 percent from 1.7 percent three months earlier, citing the country's robust chip exports amid the artificial intelligence boom. The Paris-based organization said the country's outbound shipments of chips are expected to continue driving economic growth. South Korea's exports surged 53 percent from a year earlier to a new monthly high of $87.8 billion in May, dri

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