South Korean chip makers to supply US companies in deals worth $950 billion

Anand Kumar
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Anand Kumar
Anand Kumar
Senior Journalist Editor
Anand Kumar is a Senior Journalist at Global India Broadcast News, covering national affairs, education, and digital media. He focuses on fact-based reporting and in-depth analysis...
- Senior Journalist Editor
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South Korean chip makers to supply US companies in deals worth $950 billion

The announcement came at a time when President Lee Jae-myung visited San Francisco to hold talks with the heads of major American technology companies

A presidential advisor said on Saturday that South Korean memory chip giants Samsung Electronics and SK Hynix will supply US technology companies, including Nvidia, with agreements worth $950 billion.

The announcement was made during President Lee Jae Myung’s visit to San Francisco for talks with heads of major US tech companies, including OpenAI CEO Sam Altman, Nvidia’s Jensen Huang, Anthropic’s Dario Amodei, and Broadcom’s Hock Tan.Kim Young-beom, the presidential chief of staff for policy, said the two Korean chip giants and US technology companies agreed to “continue cooperation” in the sector. South Korea is home to world-leading memory chip makers Samsung Electronics and SK Hynix, whose advanced memory chips are essential to the rapidly developing artificial intelligence industry and have fueled optimism about the country’s economic outlook.(This is an AFP story)

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Anand Kumar is a Senior Journalist at Global India Broadcast News, covering national affairs, education, and digital media. He focuses on fact-based reporting and in-depth analysis of current events.
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