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South Korea announced a $919 billion investment to develop sovereign AI, aiming to build 18.4 GW of hashrate by 2035, with NVIDIA poised to benefit significantly.
The South Korean government announced in July its plan to invest $919 billion by 2029 to build 8.4 GW of data center hashrate, ultimately expanding the total scale to 18.4 GW by 2035, elevating AI to a national strategy. This move will open up a massive sovereign AI market for NVIDIA. SK Group has already committed to purchasing 2 GW of Rubin systems, and Naver has signed a 200 MW order. However, analysis indicates that this plan is not purely beneficial for Samsung and SK Hynix, as South Korea lacks domestic suppliers capable of producing cutting-edge AI accelerators. NVIDIA may have already reached a long-term agreement with SK Hynix for SOCAMM and secured favorable pricing for HBM in 2027.
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