South Korea's Presidential Chief of Staff for Policy Kim Yong-beom speaks during a press conference at the Cheong Wa Dae presidential office, also known as the Blue House, in Seoul, South Korea, 22 July 2026. Photo by YONHAP / EPA
July 25 (Asia Today) -- South Korean companies and global technology firms plan to pursue semiconductor partnerships valued at a combined $950 billion following the San Francisco AI Summit attended by President Lee Jae Myung, the presidential office said Saturday.
Kim Yong-beom, Lee's chief policy secretary, announced the projects during a briefing at the presidential press center in San Francisco.
Samsung Electronics and Broadcom signed a memorandum of understanding covering more than $200 billion in advanced memory supplies and foundry cooperation for AI chip production over the next five years.
SK Group plans to pursue long-term agreements to supply $750 billion in advanced memory chips to Nvidia and other global technology companies over the same period.
