TLDR
- Jensen Huang confirmed SK Hynix DRAM will be used in Nvidia’s new Vera data-center CPU
- Huang expects Nvidia’s business with SK Hynix to grow through H2 2026 and into 2027
- Nvidia and SK Group are set to announce a formal cooperation plan on Monday
- Huang warned the memory shortage will persist for “quite a few years” due to high AI demand
- Huang is also meeting Samsung, Hyundai, and LG executives during his South Korea visit
Nvidia CEO Jensen Huang confirmed over the weekend that the company’s new Vera data-center CPU will use SK Hynix DRAM. The announcement came after Huang met SK Group Chairman Chey Tae-won and SK Hynix CEO Kwak Noh-jung in Seoul on Sunday — over fried chicken and beer, or “chimaek,” at Kkanbu Chicken restaurant, as you do.
Huang said he expects Nvidia’s business with SK Hynix to grow substantially through the second half of 2026 and into 2027. The two sides are set to formally brief media on a cooperation plan Monday morning.
Vera is Nvidia’s first standalone data-center CPU, putting it in direct competition with Intel’s Xeon and AMD’s Epyc lines. It also goes up against custom chips from cloud giants like Amazon’s Graviton family.
The deal cements SK Hynix’s position as a core supplier in the AI hardware chain. For investors in the South Korean memory maker, it’s a clear signal that the revenue pipeline from AI infrastructure spending is not slowing down.
Memory Shortage Not Going Away
Huang was blunt about supply constraints. He said everything from wafers to packaging to silicon photonics is in short supply, and that situation is not changing soon.
“It is going to persist for several years,” he said.
That’s not great news for customers trying to source chips, but it does reinforce the pricing environment for memory producers like SK Hynix and Samsung.
Demand is being driven by cloud providers and enterprise customers ramping up AI infrastructure. Huang’s comments suggest that demand is outpacing what the supply chain can currently deliver.
Beyond Memory
Nvidia’s Seoul visit isn’t just about SK Hynix. Huang is scheduled to meet with Samsung Electronics, Hyundai Motor Group, and LG Group during his time in South Korea.
He also flagged that Nvidia is in talks with telecom operators about the role of network infrastructure in AI systems. The suggestion is that AI workloads may eventually extend beyond centralized data centers and into telecom networks.
Huang described the Vera processor as a major step forward in processor technology. Nvidia introduced Vera at Computex in Taipei earlier in June, where Huang and SK Group Chairman Chey were also pictured together at the SK Hynix booth.
Nvidia’s business with SK Hynix spans AI supercomputers, CPUs, and robotics applications, according to Huang. He said the two companies are working across many industries together.
Nvidia (NVDA) stock closed Friday at $135.05, having gained over 170% in the past twelve months. SK Hynix trades on the Korea Stock Exchange under ticker 000660.
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