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$950 Billion US South Korea Chip Ties
Samsung Electronics and SK Hynix, the two largest memory chip manufacturers in the world, announced a $950 billion agreement with American tech companies including Nvidia, aimed at enhancing collaboration in the smart chip industry. This announcement coincides with South Korean President Yoon Suk-yeol's visit to San Francisco, where two memoranda of understanding were signed to supply American companies with advanced memory chips and manufacturing services for several years. This move bolsters South Korea’s economic position and paves the way for increased investments in the artificial intelligence sector.
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