South Korea's SK Hynix, Samsung Elec sign $950 billion partnership with US big tech

South Korean semiconductor powerhouses Samsung Electronics and SK Hynix are set to forge a significant memory chip supply partnership with U.S. big tech companies, valued at an immense $950 billion overall. The agreement, revealed by a South Korean presidential adviser, signals a major strategic alignment in the global technology landscape.

Under the terms of the partnership, SK Hynix is committed to supplying $750 billion worth of memory chips to U.S. companies over the long term. Complementing this, Samsung Electronics will provide $200 billion in chips to Broadcom. This substantial commitment underscores the critical role South Korean chip manufacturers play in supporting the operations of leading U.S. technology firms.

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South Korea's Samsung Electronics and SK Hynix will pursue memory chip supply partnership with U.S. big tech companies including Nvidia worth $950 billion overall, South Korea's presidential adviser said on Saturday.

The deal highlights the deepening ties between South Korea's advanced semiconductor industry and the U.S. tech sector, particularly in areas like artificial intelligence and high-performance computing, which rely heavily on advanced memory chips. The scale of the investment suggests a long-term strategy to ensure stable supply chains for these essential components.

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It includes the long-term supply of $750 billion in memory chips to U.S. companies by SK Hynix and $200 billion in chips by Samsung Electronics to Broadcom, the presidential adviser, Kim Yong-beom, told a briefing.