Samsung Chairman Seeks July Meeting with Nvidia CEO as Stock Rallies 3.5%

Samsung Electronics Chairman Lee Jae-yong is pursuing an end-July meeting with Nvidia CEO Jensen Huang to expand chipmaking and AI cooperation. The overture follows Nvidia’s $500 million lead investment in Australian cloud firm Firmus Technologies at a $15.5 billion valuation and an eight-year partnership to supply up to 170,000 GPUs for a 360 MW AI campus in Indonesia projected to generate $25-30 billion in revenue. Earlier milestones include the June 26 AWS Blackwell instance launch, Penguin Solutions joining the AI Factory program, and revenue-sharing deals with emerging AI startups, underscoring Nvidia’s accelerating ecosystem monetization and energy-efficient infrastructure push.