South Korean semiconductor manufacturers Samsung Electronics and SK Hynix will enter a memory chip supply partnership with several U.S. technology firms, according to an announcement by South Korean presidential adviser Kim Yong-beom on Saturday. The total value of the combined agreements is estimated at $950 billion.
The arrangement involves a long-term commitment from SK Hynix to supply $750 billion in memory chips to U.S.-based companies, including Nvidia. Samsung Electronics has reached a separate agreement to provide $200 billion in chips to Broadcom. Kim disclosed these figures during a press briefing in Seoul following a tech summit hosted by South Korean President Lee.
The partnership follows a related announcement on Friday regarding a $500 billion initiative between Nvidia and SK Group to develop AI data centers. These deals establish a long-term supply chain between South Korean chipmakers and U.S. technology corporations amid increasing global demand for artificial intelligence infrastructure.