Nvidia strikes bumper AI deals with Asia tech giants

US chip giant Nvidia will supply more than 260,000 of its most advanced artificial intelligence (AI) chips to South Korea's government, as well as Samsung, LG, and Hyundai. The companies will all deploy the AI chips in factories to make everything from semiconductors and robots to autonomous vehicles and meant that South Korea can "now produce intelligence as a new export," chief executive Jensen Huang said.

Mr Huang did not disclose the value of the South Korean deals.

It caps off a busy week for Nvidia, which on Wednesday became the first company to be valued at $5 trillion and on Thursday saw signs of a thaw in US-China trade relations that may mean it can export more of its chips to China . Speaking at a CEO summit on the sidelines of Asia Pacific Economic Cooperation (Apec) in Gyeongju, South Korea, Mr Huang added that with the chips, companies would be able to create "digital twins" with other factories around the world.

These deals form part of Nvidia's latest effort to expand AI infrastructure globally, to further integrate AI into products and services.

Nvidia has been striking international partnerships which helped it become the first company ever to be valued at $5tn (£3.8tn) on Wednesday.