Korean, global tech companies to pursue partnerships worth more than $950 billion in total
According to Korean news sources, the largest deals involve Samsung Electronics and SK Group, with the former signing a $200 billion deal with Broadcom and the latter a $750 billion agreement with Nvidia and other firms.
Korean companies and global technology giants agreed to pursue partnerships worth more than $950 billion combined during President Lee Jae Myung’s visit to San Francisco, the Blue House said on Friday. Chief presidential secretary for policy Kim Yong-beom announced the agreements — which he said emerged from discussions that took place at the San Francisco AI Summit — during a briefing at the San Francisco press center, some quantitative items as below:
· Samsung Electronics signed a memorandum of understanding with Broadcom to supply $200 billion worth of advanced memory chips over the next five years and cooperate on AI chip production.
· SK agreed to supply $750 billion worth of advanced memory chips to Nvidia and other global tech companies over the next five years.
· Korean and global companies also agreed to pursue projects involving multiple AI data centers with a combined capacity of about 5 gigawatts and around 2 million GPUs.
· Nvidia will support SK hynix in constructing and expanding data centers with a combined 2 gigawatts of capacity, while SK hynix will prioritize allocations of Nvidia’s latest Vera Rubin systems.
· SK Telecom will work with Anthropic on gigawatt-scale AI data center projects based in Korea and related investments.
