Samsung, SK Group Unveil $950 Billion in AI Deals with Nvidia, Broadcom

South Korean technology conglomerates Samsung Electronics and SK Group announced a combined $950 billion in new artificial intelligence initiatives with major U.S. tech firms, including Nvidia and Broadcom. The landmark agreements, unveiled during a South Korea-hosted AI summit in San Francisco, underscore the intense global race to secure a supply of advanced semiconductors and computing power.

The Landmark Agreements

The deals were detailed by South Korea’s presidential Blue House following the summit hosted by President Lee Jae Myung. The initiatives aim to address the global shortage of high-performance chips required to develop and run advanced AI systems.

• SK Group has signed deals worth a total of $750 billion. This includes a partnership between its subsidiary SK Hynix and Nvidia, valued at over $500 billion, to secure next-generation memory supply and jointly develop high-bandwidth memory (HBM).
• As part of the SK-Nvidia deal, SK Telecom plans to build a 2-gigawatt AI data center using Nvidia's Vera Rubin chips and SK Hynix's HBM4 memory, with a target operational date of 2027.
• Samsung Electronics signed a memorandum of understanding (MOU) with Broadcom covering up to $200 billion. The agreement involves Samsung's HBM technology, sub-2-nanometer foundry process, and advanced packaging solutions for Broadcom's next-generation AI accelerators.

Securing the AI Supply Chain

These massive, long-term partnerships highlight a strategic rush by U.S. AI leaders to lock in supply as demand for computing infrastructure and specialized memory chips outpaces global production capacity. The agreements solidify the critical role of South Korean semiconductor giants in the AI hardware ecosystem, as both Samsung and SK Hynix are dominant forces in the advanced memory market.

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For investors, the deals signal significant and predictable long-term revenue streams for the chipmakers' most advanced and high-margin products. SK Group Chairman Chey Tae-won noted that AI customers like Nvidia and OpenAI are seeking "far more memory than previously anticipated," with demand likely to surpass even current lofty projections.

South Korea's National Strategy

The announcements are a cornerstone of President Lee Jae Myung's ambitious, state-backed drive to position South Korea as a global AI leader. At the summit, Lee unveiled a "San Francisco AI Declaration" to promote technological cooperation with the United States.

The event was attended by top executives including Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, and Anthropic CEO Dario Amodei. It follows a previous government announcement of over $576 billion in investments to build domestic semiconductor production clusters, physical AI ecosystems, and data centers as part of a sweeping national industrial strategy.