Samsung, SK Group, Hyundai Motor Group and other Korean tech conglomerates expanded their artificial intelligence (AI) and semiconductor partnerships with U.S. Big Tech companies to $950 billion during President Lee Jae Myung's visit to San Francisco over the weekend. According to presidential chief of staff for policy Kim Yong-beom, Korean companies and Big Tech firms agreed to pursue a combined $950 billion worth of semiconductor and AI partnerships, on the occasion of the San Francisco AI Summit on Friday (local time). Among them, Samsung Electronics signed a $200 billion memorandum of understanding (MOU) with Broadcom, under which Samsung's memory and foundry businesses will supply AI-specific high-bandwidth memory (HBM) chips and logic semiconductor manufacturing services for Broadcom's AI accelerators through 2030. Broadcom is one of the world's leading fabless companies specializing in application-specific integrated circuit chips, designing custom processors tailored to the needs of individual hyperscalers and cloud service providers. As such customers increasingly seek AI accele
Samsung, SK cement Korea's AI supply-chain role