TLDRs;
- AMD stock dips slightly as AI chip talks unfold with Samsung and Naver.
- Naver eyes AMD chips for its HyperCLOVA X platform in multiple countries.
- AMD seeks steady High Bandwidth Memory supply amid growing AI demand.
- Samsung discussions may expand AMD collaboration into advanced foundry services.
AMD (NASDAQ: AMD) saw its stock dip modestly this week following news of CEO Lisa Su’s visit to South Korea, where she met with key executives at Naver and was scheduled to hold talks with Samsung Electronics.
The meetings centered on potential AI chip supply for Naver’s data centers and possible foundry cooperation with Samsung, signaling AMD’s push to expand its role in the global AI infrastructure market.
AMD Eyes Strategic AI Partnerships
During her visit on March 18, Lisa Su engaged with Naver to explore supplying AI chips for the company’s data centers. Naver is aiming to expand its HyperCLOVA X AI platform into regions with strict data sovereignty rules, including Saudi Arabia, Japan, and Thailand. These markets require localized AI infrastructure that reduces dependency on dominant players like Nvidia, providing an opportunity for AMD to gain traction at scale.
Advanced Micro Devices, Inc., AMD
Local sources indicated that AMD is seeking to become a key supplier for Naver, particularly focusing on AI accelerators that rely on High Bandwidth Memory (HBM). A consistent supply of HBM is crucial for powering AI workloads efficiently, and securing this component is a primary goal for AMD as it negotiates with Samsung and other partners.
Foundry Talks With Samsung
In addition to discussions with Naver, Su was scheduled to meet Samsung Electronics’ Device Solutions division to explore a broader collaboration beyond memory. Talks may include advanced foundry services, with Samsung pitching its 2nm fabrication process and packaging solutions to AI-focused clients.
The discussions are also expected to cover ways to formalize AMD’s business relationship directly with Samsung’s leadership, including a potential meeting with Chairman Lee Jae-yong.
Samsung and AMD sign a preliminary deal for Samsung to supply its next-gen HBM4 for AMD's MI455X accelerators, used in data centers, and DDR5 for AMD's Helios (@yoolimleenews / Bloomberg)https://t.co/XmtqzCqJ0Jhttps://t.co/IWi9BXvVox
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— Techmeme (@Techmeme) March 18, 2026
Samsung Foundry is already engaged in major contracts, including an 8nm deal with Intel and manufacturing Nvidia Tegra chips for Nintendo Switch devices. Partnering with AMD could further solidify Samsung’s role in AI chip production while giving AMD access to a robust foundry network capable of meeting growing AI demands.
AMD’s Position in an Nvidia-Led Market
Su’s trip coincided with Nvidia’s GTC conference, emphasizing AMD’s efforts to highlight its presence in South Korea. While Nvidia continues to dominate the AI infrastructure space, with more than 250,000 GPUs deployed across sovereign clouds and AI factories including NAVER Cloud, AMD has begun carving out its niche.
Increasingly, large AI buyers are diversifying suppliers. Companies such as Meta and OpenAI are purchasing AMD chips, signaling a gradual shift away from reliance on a single vendor. For AMD, a successful collaboration with Naver and Samsung could provide a blueprint for other national AI champions to adopt a sovereign infrastructure model that isn’t tied to Nvidia.
Future Outlook for AMD Stock
Investors reacted cautiously to the news of Su’s visit, resulting in a slight decline in AMD shares. While the talks are promising in terms of long-term strategy, near-term revenue impact remains uncertain. Market watchers note that AMD’s expansion in AI and potential foundry partnerships could position the company as a viable challenger in regions where Nvidia’s dominance is significant, but results will depend on execution and timing.
If AMD can secure steady HBM supplies and formalize agreements with Samsung and Naver, it could accelerate its growth in the AI sector and boost investor confidence. For now, AMD’s stock reflects a measured response to these strategic initiatives, balancing optimism about future opportunities with the realities of competing against a market leader like Nvidia.
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