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South Korea Chipmakers to Supply US Firms in $950 Billion Deals

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South Korean memory chip giants Samsung Electronics and SK hynix will supply US tech companies, including Nvidia, in agreements worth $950 billion, as part of President Lee Jae Myung's visit to San Francisco for talks with major US…

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South Korea Chipmakers to Supply US Firms in $950 Billion Deals

South Korean memory chip giants Samsung Electronics and SK hynix have agreed to supply US tech companies, including Nvidia, in deals worth $950 billion. The announcement was made as President Lee Jae Myung visited San Francisco for talks with the heads of major US technology companies. The agreements are part of the South Korean government's efforts to strengthen ties with the US and promote the country's semiconductor industry. The deals are expected to have a significant impact on the global technology market. According to a presidential adviser, the agreements will help to secure a stable supply of semiconductors for US tech companies. The adviser also stated that the deals will create new opportunities for South Korean companies to expand their presence in the US market. The agreements are a significant step forward in the South Korean government's efforts to promote the country's semiconductor industry and strengthen ties with the US.

Times of India

South Korea's SK Hynix, Samsung Elec Sign $950 Billion Partnership with US Big Tech

South Korea's SK Hynix and Samsung Electronics have signed a massive partnership with US big tech companies, valued at $950 billion. The partnership aims to strengthen the companies' presence in the global semiconductor market. The deal was announced on July 25, and it is expected to have a significant impact on the global technology industry. The partnership will focus on developing and manufacturing advanced semiconductors, which are used in a wide range of electronic devices. The companies did not disclose the names of the US big tech companies involved in the partnership. The deal is expected to create new opportunities for the companies and help them stay competitive in the global market.

Reuters

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