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Samsung and SK Hynix deliver $950B chips to US firms
Samsung Electronics and SK Hynix, two of South Korea's largest memory chip manufacturers, announced agreements valued at $950 billion with American technology companies, including Nvidia, to strengthen collaboration in memory chip production and artificial intelligence over the next five years. These agreements come after the South Korean president's visit to San Francisco, aimed at supporting the companies' positions in the AI market and boosting the South Korean economy. The deals include supplying Nvidia with chips worth up to $750 billion, and a memorandum of understanding with Qualcomm valued at $200 billion.
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