Open account

Nvidia Hosts Korean Partners in Taipei as LG Hits Record 380,500 Won

Nvidia CEO Jensen Huang hosted a 'Korean Partner Night' dinner in Taipei on June 1, meeting executives from Samsung, LG, SK Hynix and Naver to advance AI and robotics ties. The event follows Nvidia's prior pledge to supply over 260,000 advanced AI chips to South Korean entities and Samsung's recent HBM sample shipments. Investor optimism drove Samsung shares up 9.5% to a market value above 2,000 trillion won while LG Electronics surged as much as 30% to a fresh record of 380,500 won. Huang indicated he will visit South Korea after his Taiwan trip, though no new agreements have been announced.

Category

NVIDIA

Sentiment

Bullish

Event

Price movement

Reading time

1 min