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Samsung Elec, SK Group seal $950 billion deals as South Korea hosts AI powers
['Max A. Cherney', 'Heekyong Yang', 'July', 'Min Read']
Yahoo Finance
SK Group has signed deals worth $750 billion, including SK Hynix's partnership with Nvidia valued at more than $500 billion, South Korea's presidential Blue House said after an AI summit hosted by President Lee Jae Myung in San Francisco.
Samsung Electronics said it had signed a memorandum of understanding with Broadcom covering up to $200 billion across memory chips, foundry services and advanced packaging.
He unveiled a "San Francisco AI Declaration" that outlined South Korea's AI ambitions for technological cooperation with the United States.
Samsung Electronics Executive Chairman Jay Y. Lee, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung and Naver founder Lee Hae-jin also attended.
Nvidia and South Korea's SK Group unveiled a new AI initiative valued at $500 billion spanning large-scale AI data centers and next-generation memory.