Samsung, SK and Nvidia join $700bn US-Korea AI push
South Korean tech giants Samsung Electronics and SK Group, along with Nvidia and other U.S. companies, have announced $700 billion in deals for AI semiconductors and data centers. This initiative highlights deepening cooperation between the US and South Korea in critical AI technologies. The announcement was made at an AI Summit hosted by South Korean President Lee Jae Myung in San Francisco.
South Korean President Lee Jae Myung hosted an AI Summit in San Francisco, bringing together leading U.S. and South Korean business figures, including Nvidia CEO Jensen Huang and Samsung Chairman Lee Jae-yong. During the summit, South Korean tech giants Samsung Electronics and SK Group, in collaboration with Nvidia and other U.S. companies, announced deals totaling $700 billion. These investments are specifically directed towards semiconductors and data centers crucial for artificial intelligence development.
The announcement underscores a strategic move to deepen cooperation between the two nations in critical AI technologies. President Lee touted South Korea's ambition to become a "global hub" in the AI market, emphasizing the significance of these partnerships.