South Korean chipmakers finalize long-term agreements with US tech firms during presidential visit, bolstering AI supply chain investments.
Samsung Electronics and SK Hynix are poised to unveil significant supply agreements with American technology companies during President Lee Jae Myung’s Silicon Valley trip. The deals, negotiated over months, include long-term memory chip supply contracts, strategic investments, and memorandums of understanding, though their total value remains undisclosed ahead of official announcements.
The agreements follow Seoul’s $880 billion investment plan announced last month, backed by Samsung, SK Group, and Naver. The initiative aims to strengthen South Korea’s role in the global AI supply chain, with key meetings held between Korean executives and US tech leaders, including Nvidia, OpenAI, and Broadcom.
President Lee’s visit acted as a catalyst to finalize stalled negotiations, signaling Seoul’s push to deepen ties with US firms. The deals are expected to reinforce collaboration in AI and semiconductor technologies, aligning with broader strategic goals.