South Korea and U.S. agree on $950 billion chip deal
South Korea and U.S. agree on $950 billion chip deal
Updated at: July 27, 2026 at 03:30 AM
In July 2026, a landmark series of partnerships was unveiled at the San Francisco AI Summit, signaling a new era of cooperation between South Korea and the United States.
During President Lee Jae Myung's visit, major tech firms from both nations committed to massive semiconductor and AI infrastructure deals totaling approximately $950 billion.
By securing these advance contracts, South Korean manufacturers like SK Group and Samsung Electronics gain critical production stability.
SK Group finalized $750 billion in supply partnerships with Nvidia and others for advanced memory chips, while Samsung signed a $200 billion deal with Broadcom.
Beyond chips, these collaborations involve building large-scale AI data centers and developing robot reference platforms with partners like Hyundai and Naver.
As U.S. firms account for the vast majority of demand for these components, the deal highlights the global urgency to secure supply chains for AI development.
This strategic alliance supports South Korea's goal to become a global leader in the semiconductor and AI sectors alongside the United States.
