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Samsung, SK Hynix to announce major chip deals with US tech companies, Seoul says
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SEOUL, July 24 (Reuters) - South Korean chipmakers Samsung Electronics and SK Hynix will announce large supply deals with U.S. technology companies during President Lee Jae Myung's visit to San Francisco, a senior presidential official said.
Kim Yong-beom, the president's policy adviser, told reporters on Thursday that the companies would unveil long-term memory chip supply contracts with global technology partners.
Kim said global technology companies would also announce "strategic investments" in artificial intelligence data centres, but did not provide details.
In San Francisco, Lee is scheduled to meet U.S.
He will also attend an AI summit with South Korean business leaders, including Samsung Electronics Chairman Jay Y. Lee, SK Group Chairman Chey Tae-won and Hyundai Motor Executive Chair Euisun Chung.