Samsung and SK Hynix secure US chip deals
Samsung and SK Hynix, two South Korean companies specializing in memory chip manufacturing, announced agreements worth a total of up to $950 billion to supply and develop advanced chips for major American companies, most notably Nvidia. The agreements include a five-year collaboration plan, involving the supply of memory chips valued at $750 billion and the signing of a memorandum of understanding worth $200 billion for the manufacturing of AI chips. This move boosts economic growth prospects in South Korea and underscores reliance on the U.S. market for memory technologies and advanced tech.
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