$950B US-South Korea in semiconductors
Samsung Electronics and SK Hynix, the two largest South Korean semiconductor companies, have agreed to sign deals worth $950 billion with American tech firms, including Nvidia, to boost collaboration in memory chips and artificial intelligence. The agreements include a plan to supply Nvidia with chips valued at $750 billion over five years, along with a memorandum of understanding worth $200 billion with Broadcom to supply advanced chips and AI manufacturing services. The aim of these agreements is to support the development of the semiconductor industry and strengthen the position of Korean companies in the global market, with expectations of continued cooperation in the coming years.
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