South Korea chipmakers to supply US firms in $950 billion deals

Samsung Electronics and SK hynix will supply US tech companies including Nvidia in agreements worth $950 billion.

President Lee Jae Myung announced the deals during a visit to San Francisco for talks with heads of major US technology companies.

Presidential chief of staff for policy Kim Yong-beom said the two Korean chip giants and US tech firms agreed to pursue cooperation.

Advanced memory chips from Samsung and SK hynix are essential to the rapidly evolving AI industry.