Key Nvidia-linked stocks including TSMC and SK Hynix were higher after the $100 billion OpenAI deal.
Major global semiconductor stocks rose on Tuesday after Nvidia announced plans to invest $100 billion in OpenAI.
The deal between Nvidia and OpenAI is on a large scale. OpenAI plans to build and deploy Nvidia systems that require 10 gigawatts of power, which is equivalent to 4 million and 5 million graphics processing units (GPUs), according to Nvidia CEO Jensen Huang.
The news sparked a rally on Wall Street, with positive sentiment flowing through to the global chip sector and especially touching companies with ties to Nvidia.
In Taiwan, shares of Taiwan Semiconductor Manufacturing Co., which manufactures chips for Nvidia, closed 3.5% higher.
In South Korea, SK Hynix, whose memory chips are used in Nvidia’s systems, saw its shares end the session more than 2.
