Nvidia, SK to detail cooperation plan as Huang flags prolonged chip shortage

Nvidia and SK Hynix are set to announce a cooperation plan on Monday, amidst ongoing memory shortages that Nvidia's CEO expects to persist for "quite a few years".

​Nvidia and South Korea's SK ‌are expected ​to announce a plan for cooperation between the two companies on Monday, with ‌the boss of the U.S. chipmaker saying that the ongoing memory shortage would persist for "quite a few years".

A spokesperson for SK Hynix ‌said group chairman Chey Tae-won and Nvidia CEO Jensen Huang ‌plan to brief media about the plan on Monday morning, confirming a report by Newsis. Huang separately said that Nvidia could make announcements with SK on Monday.

"We're ⁠working ​across many industries ⁠from AI supercomputers to CPUs to new PCs and robotics. So we ⁠are here to plan and maybe tomorrow we have some announcements," he ​told reporters, without elaborating further. He also said that he did ⁠not see an end to memory shortages.

"The whole industry supply chain - everything from ⁠wafers ​to packaging to silicon photonics...everything's in short supply because the demand is so high. It is going to persist ⁠for several years." Huang was meeting with Chey, SK Hynix CEO Kwak Noh-jung ⁠and other SK ⁠executives over fried chicken and beer known as "chimaek" at Seoul restaurant Kkanbu Chicken.