Trending
SAN FRANCISCO: South Korea AI ambitions received a major boost after the government announced $950 billion in new artificial intelligence initiatives involving Samsung Electronics, SK Group, and several leading US technology companies. The agreements aim to accelerate AI innovation and address the growing global demand for advanced semiconductor chips and computing infrastructure.
The announcement followed an AI summit hosted by South Korean President Lee Jae Myung in San Francisco, where industry leaders and technology executives gathered to strengthen cooperation between South Korea and the United States.
SK Group secured agreements worth $750 billion, including a partnership between SK Hynix and Nvidia valued at more than $500 billion, according to South Korea’s presidential office.
The collaboration focuses on developing next-generation high-bandwidth memory (HBM) chips and securing long-term memory supplies for Nvidia’s expanding AI ecosystem.
As part of the initiative, SK Telecom will build a 2-gigawatt AI data center powered by Nvidia’s Vera Rubin chips and SK Hynix’s HBM4 memory technology. The facility is expected to begin operations in 2027.
Hungarian Grand Prix: Lando Norris Leads Final Practice Ahead of Hamilton
Samsung Electronics also signed a memorandum of understanding with Broadcom worth up to $200 billion.
The agreement covers memory chips, semiconductor foundry services, advanced packaging technologies and the development of Broadcom’s next-generation AI accelerator using Samsung’s HBM technology and sub-2-nanometre manufacturing process.
The deals reflect increasing efforts by global AI companies to secure reliable semiconductor supplies as demand for AI chips continues to outpace production.
During the summit, President Lee introduced the San Francisco AI Declaration, outlining South Korea’s vision for deeper technological cooperation with the United States.
He said South Korea intends to build a globally connected AI ecosystem that supports industrial innovation and expands AI applications for businesses and consumers.
Before the summit, Lee met with Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, and Broadcom CEO Hock Tan to discuss future collaboration.
The event also brought together Samsung Executive Chairman Jay Y. Lee, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung, and Naver founder Lee Hae-jin.
SK Group Chairman Chey Tae-won said demand for AI memory chips is rising faster than previously expected.
He revealed that Nvidia, Broadcom, OpenAI and Anthropic continue to seek additional chip capacity as AI models become more powerful and computing requirements expand.
Chey noted that Nvidia’s projected memory demand could increase even further in the coming years, while Broadcom also expects demand to exceed available supply.
He added that OpenAI has requested direct chip supplies from SK Group as it expands its AI infrastructure.
Anthropic confirmed it has signed supply agreements with Samsung Electronics and SK Hynix while continuing to explore multiple computing technologies for future AI development.
The latest announcements build on President Lee’s broader AI strategy unveiled last month, which includes more than $576 billion in state-backed investments to develop semiconductor manufacturing clusters, AI infrastructure and advanced computing ecosystems.
The government also plans to strengthen ties between South Korea’s National Pension Service and Silicon Valley venture capital firms to encourage greater investment in South Korean technology startups.
With these new partnerships, South Korea is positioning itself as a key global hub for semiconductor manufacturing and next-generation artificial intelligence technologies.
Copyright © 2026 99News. All Rights Reserved.
[…] South Korea AI Push Gains Momentum with $950 Billion Deals Led by Samsung and SK Group […]