South Korea Secures $950 Billion in Semiconductor and AI Cooperation Deals

South Korea is set to significantly advance its semiconductor industry and artificial intelligence capabilities through a massive $950 billion cooperation initiative with global tech giants. The plan involves key domestic companies like SK and Samsung partnering with international leaders such as Nvidia, Broadcom, and Anthropic.

President Lee Jae-myung met with executives including Nvidia CEO Jensen Huang, Anthropic CEO Dario Amodei, OpenAI CEO Sam Altman, and Broadcom President & CEO Hock Tan. These discussions solidified collaborations aimed at boosting South Korea's "three mega-projects," designed to propel the nation's technological standing.

The initiative encompasses substantial investments in semiconductor manufacturing and the development of advanced AI infrastructure. Specifically, the cooperation includes plans for approximately 2 million graphics processing units (GPUs) to support large-scale AI centers. This strategic push underscores South Korea's ambition to become a dominant force not only in semiconductors but also in AI development and deployment.

This collaboration signifies a major global initiative, highlighting the synergy between South Korea's robust semiconductor sector and the strategic investment interests of major tech companies. The program aims to enhance South Korea's AI infrastructure, models, and physical AI applications, positioning the country for future technological leadership.

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This schedule clarifies to domestic and international audiences that the three mega-projects announced last month are a grand global initiative prepared by our country, which possesses a strong semiconductor industry, and by big tech companies seeking strategic investment cooperation.