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Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives

Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives SEOUL, June 1 : Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Huang is expected to visit South Korea later this week and meet LG Group Chairman Koo Kwang-mo and other Korean executives, a person with knowledge of the matter said. Nvidia also...

Channel News Asia 9d ago

Nvidia CEO says company is working with LG on humanoid robots and data centers

Nvidia CEO says company is working with LG on humanoid robots and data centers SEOUL, June 8 : Nvidia CEO Jensen Huang said on Monday that it is partnering with South Korea's tech conglomerate LG Group on humanoid robots and data centers. "We are working with them in motor technology as well as mechanical systems so that we can bring together humanoid robotics and the future of robotics," he told reporters after a meeting with LG Group Chairman Koo Kwang-mo in Seoul. "We're also working with...

Channel News Asia 2d ago

Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives

Samsung, LG shares rally ahead of Nvidia CEO meetings with Korean executives (Corrects to Huang in second reference in paragraph 4) SEOUL, June 1 : Shares in Samsung Electronics, LG Electronics and other South Korean tech firms rallied on Monday, as expected meetings between Nvidia CEO Jensen Huang and Korean executives boosted hopes of tie-ups in AI and robotics. Chipmaker Samsung Electronics was also buoyed by data that South Korea's semiconductor exports surged to a record high in May on...

Channel News Asia 9d ago

LG shares rally on hopes for AI, robot cooperation with Nvidia, media says

LG shares rally on hopes for AI, robot cooperation with Nvidia, media says SEOUL, June 1 : Shares in South Korea's LG Electronics and some affiliates rose sharply in Monday morning trade, on investor hopes for expanded cooperation in physical AI and robotics with Nvidia, according to media reports. Shares in LG Electronics rose 28 per cent, while LG CNS and holding company LG Corp rose 25 per cent and 21 per cent, respectively, in morning trade. "The stock prices of LG Group companies have...

Channel News Asia 9d ago

Tracking website, food watch: South Korea is obsessing over Nvidia CEO Jensen Huang's visit

Nvidia CEO Jensen Huang may not be a member of K-pop band BTS, but the interest in his visit to South Korea has reached levels one might expect of a global celebrity. A website named "Jensen Huang's Footprints" in Korean shows a map and timeline of his expected locations and meetings over the four-day visit, which starts Friday. Meals of smoky Korean barbecue and soju drinking sessions are anticipated.

CNBC 5d ago

Nvidia CEO says robotics is South Korea's next big sector, points to 'some suprises'

Nvidia CEO says robotics is South Korea's next big sector, points to 'some suprises' SEOUL: Nvidia CEO Jensen Huang on Friday (Jun 5) said robotics will be South Korea's next major sector, as he arrived for his second visit in seven months, underscoring deepening ties with local firms in not only chips but also robotics and AI factories. "Because Korea is a manufacturing centre of the world, we can apply the robotics technology, the physical AI technology that we invent here for the...

Channel News Asia 5d ago