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QSI Media - News, Analytics, World.

25 Jul, 16:03

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🤝 South Korea's SK Hynix, Samsung Elec sign $950 bln partnership with US big tech

South Korea's Samsung ​Electronics and SK ‌Hynix will pursue memory chip supply ​partnership with ​U.S. big tech companies ⁠including Nvidia ​worth $950 billion overall. It ​includes the ​long-term supply of $750 billion ‌in ⁠memory chips to U.S. companies by SK Hynix ​and $200 ​billion ⁠in chips by Samsung ​Electronics to ​Broadcom.

President Lee Jae Myung said South ​Korea would lead the way to a new era of AI in partnership with global technology companies, making available its "dynamic AI ecosystem" to expand ⁠the global market for industrial and personal AI use. He unveiled a "San Francisco AI Declaration" that outlined South Korea's AI ambitions for technological cooperation with the U.S.

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