“Korea’s major semiconductor makers and other top tech companies have agreed on partnerships worth a total $950 billion with global Big Tech firms during President Lee Jae Myung’s visit to San Francisco, highlighting Korea’s expanding role in the global artificial intelligence (AI) supply chain.”
“The long-term agreements, announced alongside Lee’s ‘San Francisco Declaration on AI’ speech on Friday (local time), brought together leaders of Samsung Electronics, SK Group, Hyundai Motor Group and Naver, together with representatives of Nvidia, OpenAI, Broadcom and Anthropic.”
“Samsung Electronics signed a memorandum of understanding with Broadcom to establish a strategic partnership worth $200 billion through 2030 covering memory chips, foundry manufacturing and advanced semiconductor packaging.”
“The largest commitment came from SK Group, which signed long-term agreements worth $750 billion to supply high-performance semiconductors to global tech companies, including Nvidia, over the next five years.”
“The package includes a partnership between SK hynix and Nvidia valued at more than $500 billion, covering high-bandwidth memory (HBM) chips for next-generation AI systems and cooperation on large-scale AI data centers. SK Telecom also plans to build a 2-gigawatt AI data center using Nvidia’s Vera Rubin processors and SK hynix’s HBM4 memory.”
“Naver announced plans to establish $10 billion worth of AI factories worldwide…”