Samsung Electronics, SK Group Announce $950 Billion in AI-Related Deals
South Korea announced over $950 billion in new artificial intelligence (AI) initiatives involving Samsung Electronics and the SK Group during an AI summit hosted by President Lee Jae Myung. The deals aim to address a global shortage of advanced chips needed for next-generation AI systems, as demand outpaces supply. SK Group signed agreements worth $750 billion, including a partnership between SK Hynix and Nvidia valued at over $500 billion. Samsung Electronics also announced an agreement with Broadcom covering up to $200 billion in memory chips, foundry services, and advanced packaging technologies. These partnerships reflect the growing collaboration between U.S. tech firms and South Korean semiconductor leaders. The agreements include plans for SK Telecom to build a 2-gigawatt data center powered by Nvidia's Vera Rubin chips and HBM4 high-bandwidth memory from SK Hynix in 2027, as well as Samsung’s collaboration with Broadcom on next-generation AI accelerators.
Topics: AI corporate partnerships semiconductors South Korea