Nvidia Corporation (NASDAQ:NVDA) has announced a deal to supply more than 260,000 of its cutting-edge AI chips to the South Korean government and some of the country’s major corporations.

Key Partnership With Samsung, Hyundai, SK Group

Nvidia’s latest AI chips will be utilized for the development of AI infrastructure in South Korea. The government is set to utilize over 50,000 of Nvidia’s most advanced chips, while Samsung Electronics Co Ltd (OTC:SSNLF), SK Group, and Hyundai Motor Group (OTC: HYMTF) (OTC: HYMLF) plan to deploy up to 50,000 AI chips across their smart factories, which focus on semiconductor and vehicle production. Some of the other corporations that have joined hands with Nvidia are NAVER, the Korea Institute of Science and Technology Information, and the Kakao Corp.

“Just as Korea’s physical factories have inspired the world with sophisticated ships, cars, chips, and electronics, the nation can now produce intelligence as a new export that will drive global transformation,” said ...