Samsung, SK Hynix to Unveil Large US Chip Deals as Lee Visits Silicon Valley
Updated
Updated · Bloomberg · Jul 24
Samsung, SK Hynix to Unveil Large US Chip Deals as Lee Visits Silicon Valley
3 articles · Updated · Bloomberg · Jul 24
Summary
Samsung Electronics and SK Hynix are preparing to announce major agreements with leading US technology companies during President Lee Jae Myung’s Silicon Valley visit.
Kim Yong-beom, Lee’s policy chief, said the package will likely include new long-term memory chip supply contracts, strategic investment partnerships and memorandums of understanding.
The presidential office described the agreements as involving “very large” sums, though Kim declined to disclose values before the companies make their own announcements.
Why has advanced memory become so strategic that South Korea’s president is visiting Silicon Valley as Samsung and SK hynix prepare major announcements?
Are Samsung and SK hynix locking in the AI boom with long-term U.S. contracts, or just signaling ambition without revealing the real stakes?