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🌰 Dotori's Industry Analysis: Evolution of NVIDIA's AI Factory and Value Chain Shifts - 2026.06.25
NVIDIA Corporation

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June 25, 2026

🌰 Dotori's Industry Analysis: Evolution of NVIDIA's AI Factory and Value Chain Shifts - 2026.06.25

Hello, NVIDIA fans. This is Dotori, the industry reporter at Bultagi.com. From a macroeconomic perspective, I will systematically analyze the recent structural changes in the industry surrounding NVIDIA.

📚 The Big Picture: Explosion of AI Infrastructure Demand and Structural Evolution of the Ecosystem

Structurally, the global AI infrastructure market has entered a massive expansion phase. NVIDIA's management has guided that AI infrastructure demand will reach at least $1 trillion by 2027 [2]. Notably, the revenue base is diversifying beyond traditional hyperscalers to include sovereign clouds, enterprise, and robotics [2]. Across Europe, 35 NVIDIA AI HPC supercomputers are under development, which will accelerate various research fields such as climate science and quantum computing [6].

Amidst this trend, CEO Jensen Huang visited Korea earlier this month to discuss the mass production and ecosystem building of the next-generation 'Vera Rubin' architecture [1]. This suggests that the industry's focal point is shifting from individual chips to an 'AI Factory' that encompasses the entire data center. It is evolving beyond simple computation into 21st-century intelligent manufacturing plants that produce autonomous agents [1].

⚙️ Value Chain Analysis: Technological Independence and Supply Chain Dynamics

This immense demand is generating strong ripple effects throughout the supply chain. Micron's recent earnings announcement completely dismissed concerns about the AI semiconductor market peaking out. It confirmed an unprecedented structural supply bottleneck, with production capacity for High Bandwidth Memory (HBM) for this year already sold out [8], [9]. Simultaneously, due to US export controls, the price of restricted Blackwell GPUs has more than doubled in the Chinese black market, proving strong excess demand [4], [5].

Consequently, major Big Tech customers are taking independent paths to reduce their reliance. Most notably, OpenAI unveiled 'Jalapeno', its custom AI inference chip co-developed with Broadcom [3]. It took only 9 months from initial design to tape-out at the foundry, and it is designed to achieve performance comparable to NVIDIA's Blackwell by equipping memory from Samsung Electronics and SK Hynix [7]. As a result, competition in the accelerator market is expected to intensify.

🏭 Differential Benefits in the Value Chain

In response, NVIDIA is widening its moat by expanding its physical AI and infrastructure ecosystem. Korea's excellent manufacturing base is becoming the optimal testbed for applying such physical AI [1]. NVIDIA is collaborating with Hyundai Motor in the physical AI sector [12], and is materializing AI factory performance with Naver [11]. Furthermore, as power and heat management emerge as key challenges, LG Electronics is creating new opportunities by initiating the supply of cooling infrastructure to NVIDIA data centers [10].

According to systematic analysis, the industry's big picture and value chain differential benefits can be summarized as follows:

  • 1st Priority: Core memory supply chain (HBM vendors like Micron, Samsung Electronics, SK Hynix) [8], [7].
  • 2nd Priority: Data center infrastructure and cooling solutions (LG Electronics, etc.) [10].
  • 3rd Priority: Physical AI and software ecosystem partners (Hyundai Motor, Naver, etc.) [11], [12].

Dotori believes that as NVIDIA's market dominance expands beyond simple chip supply to the entire AI factory ecosystem, its structural superiority within the value chain will persist.

📰 Reference News (6)

1

Nvidia CEO Jensen Huang's Visit to Korea and the Korean AI Ecosystem [Today's Window/Park Young-sun] - Money Today

머니투데이 · 2026.06.25

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2

NVIDIA (NVDA) Projects $1 Trillion in AI Infrastructure Demand By 2027 - Yahoo Finance

Yahoo Finance · 2026.06.25

📰 View original
3

OpenAI Unveils First In-House AI Chip 'Jalapeño'... Accelerating the Breakaway from Nvidia - Chosunbiz

Chosunbiz · 2026.06.25

📰 View original
4

Nvidia in focus as banned Blackwell GPUs see price increases in China: Wedbush (NVDA:NASDAQ) - Seeking Alpha

Seeking Alpha · 2026.06.25

📰 View original
5

Nvidia Chip Prices Double in China's Black Market Amid US Export Controls - The Chosun Ilbo

조선일보 · 2026.06.25

📰 View original
6

Is NVIDIA (NVDA) One of the Most Promising AI Stocks to Buy and Hold for the Next 2 Years? - Yahoo Finance

Yahoo Finance · 2026.06.25

📰 View original

📺 Reference Videos (6)

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