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Samsung, SK Hynix Poised to Announce Major Memory Chip Deals With US Tech Firms
South Korean semiconductor giants Samsung Electronics and SK Hynix are set to announce significant, long-term memory chip supply agreements with major U.S. technology firms, a senior presidential official has confirmed. The deals are expected to be unveiled during President Lee Jae Myung’s upcoming visit to San Francisco.
Key Announcements Expected
Kim Yong-beom, the president’s policy adviser, told reporters on Thursday that the companies would reveal long-term memory chip supply contracts with their global technology partners. According to the official, the announcements are expected to include "very large and meaningful figures."
Kim also indicated that global technology companies would announce separate "strategic investments" into artificial intelligence data centers, but did not provide specific details. He framed the developments as a move that is "cementing the technology and economic partnership between South Korea and the United States."
High-Profile Tech Summit
The announcements are timed to coincide with the South Korean president's visit to San Francisco on Friday and Saturday. During the trip, President Lee is scheduled to meet with prominent U.S. technology leaders, including Nvidia CEO Jensen Huang and OpenAI CEO Sam Altman.
AdAn AI summit is also on the agenda, which will be attended by a delegation of top South Korean business executives, including:
- Samsung Electronics Chairman Jay Y. Lee
- SK Group Chairman Chey Tae-won
- Hyundai Motor Executive Chair Euisun Chung
Market Implications
These expected long-term agreements signal a strengthening of the semiconductor supply chain between key U.S. tech players and the world's leading memory chip manufacturers. The involvement of AI leaders like Nvidia and OpenAI suggests the deals will likely focus on securing high-bandwidth memory (HBM), a critical component for training and deploying advanced AI systems.
For investors, such contracts would provide greater revenue visibility and stability for Samsung and SK Hynix. For the U.S. firms, it ensures a more predictable supply of the high-performance chips essential for their continued investment in AI infrastructure.
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