Nvidia highlighted its "AI alliance" with major Korean companies including SK Telecom, Naver, and SK Hynix in its earnings report. As AI investment expands, driving up memory prices and supply pressures, purchase commitments have more than doubled within a single quarter, expected to positively impact domestic memory manufacturers such as Samsung Electronics and SK Hynix.
According to Nvidia's second-quarter fiscal 2027 earnings released on the 27th, revenue reached $96.2 billion, a 106% increase year-over-year. Data center revenue surged 117% to $89 billion, marking a record high.
Nvidia is also accelerating efforts to secure supply chains in response to surging AI demand. Purchase commitments for Nvidia's supply chain and infrastructure rose from $119 billion in the previous quarter to $279 billion—a 2.3-fold increase. The increase was primarily linked to memory procurement.
This is due to a sharp rise in demand for HBM (high-bandwidth memory) installed on GPUs as AI data centers expand. Expectations are growing that suppliers of HBM to Nvidia—Samsung Electronics, SK Hynix, and U.S.-based Micron—will significantly increase their supply.
Colette Kress, Nvidia's CFO, noted that the rise in memory prices has exceeded expectations and is projected to continue climbing through next year. She explained that the construction of AI infrastructure itself is exacerbating memory supply shortages.
Despite supply constraints, Nvidia forecasts fiscal 2028 revenue will grow by approximately 70%. CFO Kress stated, "This projection accounts for supply limitations." CEO Jensen Huang also remarked, "Without supply constraints, it would have been much higher," emphasizing that while significant supply has already been secured, additional production capacity is needed to meet the surging demand.
Collaboration with Korean companies was also highlighted as a key achievement. Nvidia announced it is expanding Korea's "AI Factory" ecosystem by building gigawatt-scale sovereign AI infrastructure based on its DSX platform in partnership with SK Telecom, Naver, and Brookfield. With SK Hynix, the company emphasized a multi-year technology partnership to jointly develop next-generation memory required for global expansion of the AI Factory.
CFO Kress also directly mentioned collaborations with LG and Hyundai Motor Group, stressing efforts to expand AI applications in Korea. CEO Huang similarly visited Korea in June this year, meeting with SK Group Chairman Tae-won Choi, LG Group Chairman Kwang-mo Koo, and Naver Chairman Jae-yun Lee to discuss AI cooperation plans.
CEO Huang joked, "One of the most fun things last year was figuring out where and with whom I would have dinner," adding, "Then the company's stock price doubled the next day." This is believed to refer to his meetings with top executives of domestic companies such as Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Jay Y. Lee during his visit last year.
As Nvidia expands cooperation with major Korean companies across memory supply chains, AI infrastructure, manufacturing, and mobility, Korea is solidifying its position as a core pillar of the global "AI Factory" strategy.
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