LG Electronics and LG CNS are both rallying in early trading. The news that LG Group and Nvidia are moving to formalize talks on collaboration in physical AI and Robotics appears to be boosting investor sentiment.
At 9:29 a.m. on the 22nd, LG Electronics was trading at 231,500 won on the Korea Exchange, up 20,000 won (9.46%) from the previous session. At the same time, LG Electronics preferred shares were up 5,400 won (7.50%) to 77,400 won, and LG CNS was up 7,700 won (8.97%) to 93,500 won.
According to the industry, executives of key LG Group affiliates are scheduled to visit Nvidia's headquarters in Santa Clara, California, on this day (local time) to discuss cooperation plans in physical AI and Robotics.
The meeting is said to include President Hyun Shin-Gyoon of LG CNS; Kim Byung-hoon, chief technology officer (CTO) of LG Electronics; and Lee Hyun-uk, head of the HS Research Center at LG Electronics, among others, with a working group of about 30 people including staff from LG Innotek and the LG AI Research Institute.
The two sides will hold technology sessions to discuss each collaboration task and review commercialization potential and priority initiatives. A cooperation plan at the "One LG" level, pooling the capabilities of LG Group affiliates, is also expected to be discussed.
The market is focusing on the fact that follow-up talks are proceeding after LG Group Chairman Koo Kwang-mo and Nvidia CEO Jensen Huang met on the 8th at LG Twin Towers in Yeouido, Seoul. At the time, the two sides were said to have discussed mid- to long-term cooperation plans in various fields, including physical AI, AI infrastructure, and future mobility.
In particular, as LG Electronics is expanding its business-to-business (B2B) operations in vehicle components, heating, ventilation and air conditioning (HVAC), and thermal management solutions for AI data centers, expectations among investors are rising with the growing prospect of cooperation with Nvidia.