Catenaa, Tuesday, January 20, 2026- Palantir leaders said the US technology company has clinched a large deal to sell more software to HD Hyundai, ramping up its heavy-industry work in South Korea.
Quoting sources, Reuters said that the agreement is worth hundreds of millions of dollars to Palantir over several years.
The companies planned a signing ceremony at the office space Palantir has set up for the World Economic Forum’s annual meeting this week in the Swiss resort of Davos.
The deal marks an expansion of work Palantir began in 2021 with HD Hyundai, one of the world’s largest shipbuilders.
Since then, HD Hyundai has been manufacturing ships around 30% faster by using Palantir software to speed up operations, the companies have said.
Palantir CEO Alex Karp told Reuters he was “very bullish” on the Korean market, which he called “one of the more innovative, interesting, artistic places in the world”.
However, sales to companies outside the US are not a focus, Karp said in an interview in Davos.
“We’re doing so well in America, we have to selectively engage abroad,” he added.
Palantir stock was down by 1% on Tuesday, the stock is down by over 4% so far this year.
