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Samsung, SK Group seal US$950 billion deals with US AI firms to lock in South Korean chip supply

Asia-Pacific 1 source 1 country 🔦 Under-reported 48m ago

Samsung and SK Group have finalized agreements totaling US$950 billion with various United States-based artificial intelligence firms to secure long-term semiconductor and memory chip supplies from South Korea. As part of this broader initiative, Samsung Electronics has specifically secured a US$200 billion partnership with Broadcom to manufacture AI chips, marking a significant expansion of the company’s foundry business.

These agreements reflect an intensifying trend of major U.S. technology firms forming closer strategic alliances with South Korea’s leading semiconductor manufacturers. By locking in these supply chains, the involved companies aim to meet the surging demand for high-performance hardware required to support the rapid development and deployment of artificial intelligence technologies.

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Read the full story at the source Channel NewsAsia · SG
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