Samsung, SK, Hyundai expand AI partnerships with Big Tech firms to $950 bil.

Korean tech conglomerates Samsung, SK Group, and Hyundai Motor Group expanded AI and semiconductor partnerships with U.S. Big Tech firms to $950 billion during President Lee Jae Myung's visit to San Francisco, presidential chief of staff for policy Kim Yong-beom announced. Samsung Electronics signed a $200 billion MOU with Broadcom to supply AI-specific HBM chips and logic semiconductor manufacturing services for Broadcom's AI accelerators through 2030.

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