Samsung, SK Hynix to Announce Major Chip Deals with US Tech Firms During S.Korean President's Silicon Valley Visit

Published Jul 24, 02:43 PM UTC

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South Korean memory chip giants Samsung and SK Hynix are expected to announce multibillion-dollar strategic partnerships, memorandums of understanding, and long-term supply deals with leading US technology companies. The announcements are set to occur during South Korean President Lee Jae Myung's visit to Silicon Valley for a high-profile AI summit, which includes meetings with Nvidia CEO Jensen Huang, OpenAI's Sam Altman, Anthropic's Dario Amodei, and Broadcom's Hock Tan. The deals follow South Korea's $880 billion investment plan to strengthen AI leadership through chip production expansions and data center buildouts. Presidential policy chief Kim Yong-beom stated that US companies account for 80-90% of underlying orders driving South Korea's domestic expansion, though no formal US requests for expanded chip production in America have been made.

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Original headline: South Korean memory giants Samsung and SK Hynix are set to announce massive deals with leading U.S. tech firms, report claims ‚Äî Korean president arrives in Silicon Valley for meetings and high-profile AI summit

Original language: EN

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South Korean President Secures Major AI Chip Deals with US Tech Firms

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Samsung SK Hynix Lee Jae-myung Nvidia OpenAI Anthropic Jensen Huang Sam Altman Dario Amodei South Korea United States Silicon Valley