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The presidential Blue House reported that SK Group had signed deals worth $750 billion, including a partnership between its SK Hynix unit and Nvidia valued at more than $500 billion, while Samsung Electronics entered a memorandum of understanding with Broadcom covering up to $200 billion in memory chips, foundry services and advanced packaging. These agreements aim to secure supply of critical components for artificial intelligence systems as global demand continues to outpace production capacity. Korea’s presidential Blue House framed the initiatives as part of a coordinated effort involving both domestic champions and international partners following an AI summit held in San Francisco.
President Lee Jae Myung hosted the gathering where he met separately with Nvidia chief executive Jensen Huang, OpenAI chief executive Sam Altman, Anthropic chief executive Dario Amodei and Broadcom chief executive Hock Tan before delivering remarks at the main event. Lee unveiled the San Francisco AI Declaration that sets out ambitions for technological cooperation between Korea and the United States. Samsung Electronics executive chairman Jay Y Lee, SK Group chairman Chey Tae-won, Hyundai Motor Group executive chair Euisun Chung and Naver founder Lee Hae-jin attended the proceedings, according to officials who briefed reporters after the summit.
The Nvidia and SK Group initiative, valued at $500 billion, encompasses large-scale AI data centres and next-generation memory development, with SK Hynix partnering on high-bandwidth memory for AI training, agents and physical applications. SK Telecom will construct a 2-gigawatt data centre using Nvidia’s Vera Rubin chips and SK Hynix HBM4 memory, with operations scheduled to begin in 2027. Samsung Electronics will collaborate with Broadcom on a next-generation AI accelerator that leverages its HBM technology along with sub-2-nanometer foundry processes and advanced packaging solutions, the companies said in joint statements.
SK Group chairman Chey Tae-won highlighted that AI customers are demanding significantly more memory than earlier forecasts suggested after discussions with Nvidia, Anthropic, OpenAI and Broadcom. “I wouldn’t be surprised if, the next time I see (Huang), he’ll tell me those figures were too low and say, ‘I want more,'” Chey said. He added that Broadcom’s chief executive had indicated memory needs would exceed supply while OpenAI had requested direct chip deliveries to support its computing requirements, according to remarks relayed by the Blue House.
InvestKOREA statistics show that South Korea accounted for 17.7 percent of the global semiconductor market in 2022 while capturing 60.5 percent of the memory semiconductor segment, underscoring its central role in AI hardware. A government plan announced in June 2026 outlined nearly $1.2 trillion in investments for chip manufacturing and AI data centres, equivalent to more than two-thirds of national GDP, as reported by Yahoo Finance. These latest commercial agreements build directly on that strategic framework by accelerating private-sector commitments in high-bandwidth memory and related infrastructure essential for next-generation AI systems.
Anthropic chief executive Dario Amodei confirmed that his company had signed supply agreements with both Samsung Electronics and SK Hynix but declined to address reports that the firm is exploring custom chip designs. An Anthropic spokesperson stated the startup was always exploring options and drawing on a range of chips for a diversified approach to computing requirements. The company had raised funding in May at a post-money valuation of $965 billion, naming Samsung Electronics, SK Hynix and Micron among key partners in memory, storage and logic technologies, according to details released at the time.
