South Korean semiconductor giants Samsung Electronics and SK hynix have secured a combined $950 billion in long-term agreements to supply advanced artificial intelligence and memory chips to some of the biggest technology companies in the United States, marking one of the largest semiconductor partnerships ever announced.
The agreements were unveiled during South Korean President Lee Jae Myung’s visit to San Francisco, where he met with executives from leading AI firms, including Nvidia, OpenAI, Anthropic and Broadcom. The deals are expected to strengthen cooperation between South Korea’s semiconductor industry and the rapidly expanding US AI sector.
Under the agreement, SK hynix will supply around $750 billion worth of advanced memory chips over the next five years to major US companies, including Nvidia. The partnership also includes joint development of next-generation high-bandwidth memory (HBM) technology and AI data center infrastructure to support increasingly powerful AI models.
Meanwhile, Samsung Electronics signed a $200 billion memorandum of understanding with Broadcom covering advanced memory chips, foundry services and AI chip packaging technologies. The collaboration aims to strengthen the supply of processors and components needed for the next generation of AI systems.
The announcements come as global demand for AI chips continues to surge, driven by companies investing heavily in generative AI, cloud computing and large-scale data centers. South Korea already dominates the global memory chip market, and these agreements further cement Samsung and SK hynix as key suppliers in the worldwide AI race.
Beyond the commercial value, the partnerships are expected to deepen technology ties between South Korea and the United States while helping ease concerns over future AI chip shortages. Industry analysts believe the deals will play a major role in securing long-term semiconductor supply chains as competition to develop advanced AI infrastructure intensifies.
