Samsung Electronics' co-CEO and head of its chip division, Jun Young-hyun, met with Nvidia CEO Jensen Huang in Seoul on Monday to discuss cooperation on next-generation foundry chips.

Jun said the companies are collaborating on autonomous driving chips and Groq AI accelerator chips, and also explored long-term partnerships on future semiconductor products, including high-bandwidth memory HBM 4E and HBM5 chips.

In March, Huang unveiled a new AI inference processor based on Groq's technology, with Samsung slated to manufacture Groq's LP30 chips, set for shipment in the second half of this year.