00:00This is the golden ages for Korea, as you know.
00:02Their semiconductor business is booming.
00:05Their industrial business is booming.
00:07This is a country that has the ability to help the world build out the AI infrastructure.
00:12They're incredibly adept at adopting new technologies.
00:17And it's a really technologically forward-laning society.
00:21And they love using AI.
00:23AI has really diffused throughout their society and their industry.
00:28And so this is a great time for them.
00:30We're announcing several things.
00:31We announce a big partnership with SK Group, where our companies are going to enter into a business partnership
00:41where we do over $500 billion of business with each other, whether it's consumption and purchasing of memories
00:49or selling AI supercomputers to them as they scale out two gigawatts of AI factories.
00:56There's a whole bunch of other announcements.
00:58We're investing a billion dollars in Naver to help.
01:01They're the Korea's leading AI cloud.
01:04They're going to scale up in Korea.
01:07They're going to scale up 200 megawatts, I think it is.
01:09And they're going to expand across the world.
01:12And so we have a whole bunch of announcements that we're making today.
01:16With the expanded SK relationship, there's also sort of more direct involvement with NVIDIA on the roadmap for HBM,
01:22future generations of HBM.
01:25Talk about that.
01:26I remember you being on stage earlier this year saying five years ago, we told our supply chain what was
01:31going to happen.
01:32And it did happen.
01:33And you gave some credit to the memory makers in going with you on that journey.
01:38But clearly, you want to be involved in the direction of travel for future generations of HBM.
01:44Yeah, we're working together on, of course, we started with HBM 2, worked on HBM 3, 3E, 4E, and then
01:51beyond.
01:52And so we've got a whole roadmap of memories that we're working on together.
01:57It is also the case that the semiconductor industry has really changed.
02:01And the reason for that, because we used to build computers for people to use,
02:06and we're going to still continue to build incredible computers.
02:09These are now processing AIs for humans to collaborate with.
02:14But in the future, we also have AI agents and robots, and they're going to be using computers.
02:20So instead of just a billion people using computers, we're going to have 100 billion agents and billions of robots
02:26all using computers.
02:27The computer industry that's built on top of the chip industry surely is not big enough.
02:33And so this is one of the realizations of the semiconductor industry, that now computers are built not just for
02:40people to use,
02:40but computers are being built for computers to use.
02:43My guess is that the semiconductor industry is probably going to have to be 10 times larger than it is
02:50today over the next decade or so.
02:54And so working with our partners in Korea and around the world to scale up the supply chain of semiconductors
03:00so that we're prepared for this AI future is really important.
03:03Thank you very much.
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