Samsung and SK Hynix Set to Sign Major Memory Chip Deals With US Tech Giants

TLDR

• Samsung and SK Hynix will announce large memory chip supply deals with US tech companies during South Korea’s presidential visit to San Francisco
• South Korean President Lee Jae Myung is meeting top US tech executives including Nvidia’s Jensen Huang and OpenAI’s Sam Altman
• The deals are expected to include long-term supply agreements, strategic partnerships, and memorandums of understanding
• Samsung and SK Hynix together control around 80% of the global HBM chip market
• Global tech companies are also expected to announce strategic investments in AI data centres

South Korea’s two biggest chipmakers are about to ink major supply deals with American tech companies. The announcements are expected during President Lee Jae Myung’s visit to San Francisco this weekend.

Kim Yong-beom, the presidential policy adviser, told reporters the deals would involve long-term memory chip supply contracts with global technology partners. He said “very large and meaningful figures” are expected to be announced.

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