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South Korean President and U.S. Tech Executives Meet for AI Summit in San Francisco

South Korean President Lee Jae Myung met with U.S. tech executives in San Francisco to establish a framework for AI cooperation and semiconductor supply chains.

Sourced from Reuters
Published July 24, 2026 at 8:33 PM EDT
South Korean President and U.S. Tech Executives Meet for AI Summit in San Francisco

The Facts

Who
South Korean President Lee Jae Myung, CEOs of Nvidia, OpenAI, Anthropic, Broadcom, Samsung, and SK Group.
What
An AI summit and the signing of the San Francisco AI Declaration.
When
Friday, July 24, 2026
Where
San Francisco, California
Why
To coordinate technological cooperation and secure semiconductor supply chains for artificial intelligence development.

South Korean President Lee Jae Myung convened an artificial intelligence summit in San Francisco on Friday, meeting with American technology executives and South Korean industrial leaders. During the event, President Lee introduced the "San Francisco AI Declaration," a document outlining a framework for technological cooperation between South Korea and the United States. Attendees included the chief executives of Nvidia, OpenAI, Anthropic, and Broadcom, alongside the leaders of Samsung Electronics, SK Group, Hyundai Motor Group, and Naver.

The summit served as a platform for several commercial announcements, including a partnership between Nvidia and SK Group to develop AI data centers and next-generation memory. SK Telecom announced plans for a 2-gigawatt data center scheduled to go online in 2027, which will utilize SK Hynix HBM4 memory chips. Anthropic CEO Dario Amodei also confirmed at the summit that the startup has established supply agreements with Samsung Electronics and SK Hynix.

SK Group Chairman Chey Tae-won stated that demand for memory chips from AI developers is currently exceeding previous projections. Chey noted that companies such as OpenAI and Broadcom have indicated a need for significant computing power and chip supplies in the coming years. The summit follows a recent South Korean government initiative to invest approximately $576 billion into semiconductor production clusters and AI infrastructure through partnerships with private industry.

This story was rewritten from reporting at Reuters. Read the original for full detail.

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