00:02You're listening to AI Prism from Seoul Economic Daily.
00:06NVIDIA just posted a 106% jump in quarterly revenue.
00:11Pause. Samsung and SK Hynix are the reason it can't grow faster.
00:15A memory supply crunch is now expected to last until early 2028.
00:20Meanwhile, SK Telecom just carved out a $3 trillion infrastructure company.
00:25Boards across Korea are recalculating their capital plans this week.
00:29It's Friday, August 28.
00:31Let's look at a business story shaping corporate Korea.
00:34NVIDIA's data center revenue hit $89 billion last quarter,
00:38but CEO Jensen Huang says memory supply, not demand, is now capping growth.
00:43Samsung Electronics and SK Hynix control the high-bandwidth memory NVIDIA depends on,
00:49giving both companies unusual pricing leverage.
00:52At the same time, SK Telecom is restructuring its data center business
00:56to attract outside capital for AI infrastructure build-out.
01:00Here's what the numbers show.
01:02NVIDIA posted $96,200,000,000 in quarterly revenue, up 106% year-on-year,
01:10while operating income reached $63,734,000,000, up 124%.
01:18Matter-of-fact CFO, Colette Kress, said memory supply constraints will bottleneck growth
01:24through the end of fiscal 2028, meaning January 2028.
01:29Samsung's 2026 operating profit consensus jumped to $394,415,000,000,
01:36about $282,000,000, an 804.6% increase from last year.
01:42SK Hynix's profit consensus rose to $266,264,000,000, roughly $190,000,000, up 464%.
01:54Keoxia committed 1 trillion yen, about $8,66,000,000,
01:59to a new Iwata memory plant targeting 2029 production.
02:03SK Telecom split off its data center unit into SK Horizon,
02:07raising $3,800,000,000,000 from KKR and IMM investment, while keeping 51% control.
02:15Lata Non-Life Insurance moved to a public sale
02:17after Shinhan Financial's $1,000,000,000 offer for full ownership fell through.
02:22So, what does this mean for corporate Korea's leadership?
02:26Earlier, we said Samsung and SK Hynix are the reason NVIDIA can't grow faster.
02:30Here's what that actually means for you.
02:33If your supply chain touches high bandwidth memory,
02:36expect pricing leverage to stay with Korean suppliers well into 2028,
02:40and board-level procurement contracts should be locked in now rather than renegotiated later.
02:46Executives watching the SK Horizon and Lata Non-Life deals
02:50should also note that outside capital and public auctions
02:53are becoming the default playbook for large Korean corporate restructuring.
02:57That's today's AI Prism CEO.
03:00This episode was produced with AI assistance based on Seoul Economic Daily reporting
03:05and reviewed by a human editor.
03:08AI Prism is a Juan Ifra award-winning series.
03:10We'll be back tomorrow.
03:12You've been listening to AI Prism from Seoul Economic Daily.
03:18You've been listening to AI Prism and Lata Non-Life Daily.
03:19You've been listening to AI Prism and Lata Non-Life Daily.
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