K-SignalAI-generated
Seoul Says Nvidia Keeps 260,000-GPU Supply Plan Despite CEO Exit
South Korea's science minister, Bae Kyung-hoon, said Friday that Nvidia has reaffirmed its commitment to supply up to 260,000 graphics processing units (GPUs) to South Korea in partnership with local companies, despite CEO Jensen Huang's resignation, Yonhap and KBS World report. The government also held an emergency meeting on the same day to discuss the ramifications of Huang's departure for the country's AI industry, according to KBS World. The confirmation comes as Nvidia's forward price-to-earnings ratio fell to around 12 times, its lowest in 14 years, and Bitcoin dropped below 100 million won, with Business Korea attributing the selloff partly to the "Nvidia shock." Korean media coverage has been largely focused on the business and policy fallout, with outlets like Hankyoreh framing Huang's exit as a blow to his "one-man rule" over the company, while KBS World noted the resignation came amid an affair scandal involving a suspected Chinese spy.
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