Samsung and SK Hynix to Announce Major Chip Supply Agreements With U.S. Tech Firms
South Korean chipmakers Samsung Electronics (005930.KS) and SK Hynix (SKHY) are set to announce major memory chip supply agreements with leading U.S. technology companies during President Lee Jae Myung's visit to San Francisco. A senior presidential official confirmed that the deals will cover long-term memory chip supply, strategic investment partnerships, and memorandums of understanding with global tech partners. The announcements come amid a broader push for AI infrastructure development in South Korea, including planned investments by U.S. firms into data centers during Lee's visit to an AI summit. Samsung Executive Chairman Jay Y. Lee and SK Group Chairman Chey Tae-won are also attending the event alongside top executives from Nvidia, OpenAI, Anthropic, and Broadcom. Earlier this month, both companies pledged a combined 800 trillion won ($520 billion) to build new chip fabrication plants in South Korea due to surging AI-driven demand. SK Hynix has already entered into a multi-year technology partnership with Nvidia for memory supply.
Topics: AI data centers memory chips semiconductors U.S.-South Korea relations