Nvidia, SK Group unveil $500 billion-plus AI data centers initiative, memory partnership
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Reddit — r/stocks
· July 25, 2026 at 03:05
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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/)