Speaking to his aides by video from Brazil during his South America trip, President Lee Jae Myung reiterated the significance of his "San Francisco AI Declaration" calling it Korea's bid to become an irreplaceable leader in the era of artificial intelligence (AI). In the last weekend of July, the president proclaimed in San Francisco that "Korea will serve as a trusted manufacturing base for AI semiconductors and as a reliable supply chain partner." He was accompanied by Korea's top CEOs including Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Chung Euisun and Naver founder and Chairman Lee Hae-jin. Leaders of top U.S. tech companies including Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan were also present. The gathering of Big Tech and semiconductor titan CEOs also involved burgers and beer, as these leaders moved in step for a "chip alliance." Alongside the summit, the Korean firms signed agreements for some $950 billion worth of cooperation projects. Samsu
South Korea unveils $950B in semiconductor partnerships