Samsung Elec, SK Group seal $950 billion deals as South Korea hosts AI powers

# Major Financial Deals and Partnerships * **$950 Billion in AI Initiatives:** South Korea announced sweeping new AI agreements alongside domestic leaders Samsung Electronics and SK Group and top U.S. tech firms to alleviate the global shortage of high performance AI chips. * **SK Group and Nvidia ($500B+):** SK Group signed $750 billion in total deals, headlined by a $500B+ initiative with Nvidia. This includes a long term memory supply agreement with SK Hynix (HBM4 chips) and a 2 gigawatt data center built by SK Telecom set to open in 2027 using Nvidia's Vera Rubin chips. * **Samsung and Broadcom ($200B):** Samsung signed an MOU with Broadcom covering memory, sub 2 nanometer foundry services, and advanced packaging solutions for next generation AI accelerators. # Escalating Industry Demand * **Insatiable Memory Needs:** SK Group Chairman Chey Tae-won highlighted that AI leaders, including Nvidia, Broadcom, Anthropic, and OpenAI, are requesting significantly more memory capacity than previously forecasted. * **Custom Hardware Moves:** OpenAI has pressed SK to supply chips directly for its massive compute requirements. Anthropic is exploring designing its own chips to diversify its compute infrastructure, alongside existing supplier partnerships with Samsung, SK Hynix, and Micron. # South Korea's Strategic Vision * **The "San Francisco AI Declaration":** South Korean President Lee Jae Myung hosted an executive summit in San Francisco with top domestic executives and U.S. tech CEOs (Jensen Huang, Sam Altman, Dario Amodei, and Hock Tan) to deepen bilateral technological ties. * **State Backed Industrial Push:** The deals complement a $576 billion domestic strategy unveiled by President Lee to build semiconductor manufacturing clusters, physical AI ecosystems, and state backed data centers. [https://ca.finance.yahoo.com/news/samsung-elec-sk-group-seal-072329075.html?guccounter=1&guce\_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce\_referrer\_sig=AQAAAHFX6HLFN8btoM60lx4aeVeEhHGn5GTYJTbKh2YaGO54EGYjs3Vg2I73c0AD27ddZZyL0ATqaB4VI6nVwxPL4Ah1iZDg6zoguX5qTc8p3G0S1IpKSKMwy7I33B\_SViMwCjXZQ6M\_fcFBoBo3\_oFllc7596vsHtK9DWBKGMHXo4rQ](https://ca.finance.yahoo.com/news/samsung-elec-sk-group-seal-072329075.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAHFX6HLFN8btoM60lx4aeVeEhHGn5GTYJTbKh2YaGO54EGYjs3Vg2I73c0AD27ddZZyL0ATqaB4VI6nVwxPL4Ah1iZDg6zoguX5qTc8p3G0S1IpKSKMwy7I33B_SViMwCjXZQ6M_fcFBoBo3_oFllc7596vsHtK9DWBKGMHXo4rQ)