South Korea’s chip makers will supply to American companies in a deal worth $950 billion.

The announcement was made as President Lee Jae-Myung visited San Francisco for talks with heads of major US tech companies

South Korean memory chip giants Samsung Electronics and SK Hynix will supply US tech companies including Nvidia under a $950 billion deal, a presidential adviser said on Saturday. The announcement was made as President Lee Jae Myung visited San Francisco for talks with heads of major US technology companies, including OpenAI CEO Sam Altman, Nvidia’s Jensen Huang, Anthropic’s Dario Amodei and Broadcom’s Hock Tan.Kim Yong-beom, presidential chief of staff for policy, said the two Korean chip giants and U.S. tech companies agreed to “advance cooperation” in the area. South Korea is home to the world’s leading memory chip makers, Samsung Electronics and SK Hynix, whose advanced memory chips are essential to the fast-growing AI industry and have boosted optimism about the country’s economic outlook.(This is an AFP story)

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