This weekend in San Francisco, South Korea’s President Lee Jae Myung is set to witness significant memory chip supply agreements between Samsung, SK Hynix, and leading American technology companies.
Kim Yong-beom, the presidential policy adviser, revealed that these contracts involve long-term commitments and large figures, signaling a boost in South Korea-US tech cooperation.
President Lee's schedule includes meetings with Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman, alongside an AI summit featuring South Korean and US industry giants such as Samsung’s Jay Y. Lee and Broadcom’s Hock Tan.
The deals will focus heavily on high-bandwidth memory (HBM) chips, which power AI data centers and large language models. Samsung and SK Hynix currently dominate about 80% of the global HBM market, giving South Korea a strong position in negotiations.
The Korea Economic Institute of America highlighted that the talks aim to expand Korea's role in supporting US AI infrastructure, including strategic partnerships and memorandums of understanding.
Alongside the chip supply agreements, US tech firms are expected to announce strategic investments in AI data centers, reflecting the accelerating demand for AI hardware.
President Lee will continue his tour to South America after San Francisco, engaging with regional leaders, but these chip deals mark a critical milestone in semiconductor collaboration amid rising AI infrastructure needs.
This article is informational and does not constitute financial advice.
