South Korea chipmakers to supply US firms in $950 billion deals - The Times of India

What the report says

The Times of India, carrying an AFP report, says South Korean memory-chip producers Samsung Electronics and SK hynix have reached agreements to supply U.S. technology companies, including Nvidia, in deals described by a presidential adviser as worth $950 billion. The announcement was made Saturday during South Korean President Lee Jae Myung’s visit to San Francisco.

According to the report, Lee was in the city for meetings with senior executives from major U.S. tech firms. Those named included OpenAI chief executive Sam Altman, Nvidia chief Jensen Huang, Anthropic’s Dario Amodei and Broadcom’s Hock Tan. Presidential chief of staff for policy Kim Yong-beom said the South Korean chipmakers and U.S. companies had agreed to pursue cooperation in the sector.

The report does not give a breakdown of the $950 billion figure, specify delivery schedules, or detail the exact products and quantities covered by the agreements. It frames the development as part of broader cooperation between South Korea’s semiconductor industry and U.S. firms driving artificial intelligence development.

The significance lies in Samsung Electronics and SK hynix’s central role in global memory-chip supply. Their advanced memory products are widely viewed as critical components for AI systems, data centers and high-performance computing. More broadly, demand linked to AI has strengthened expectations around South Korea’s technology sector and economic outlook, though the specific commercial impact of these reported agreements will depend on terms not detailed in the article.