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Industry

SK $500 billion, Samsung $200 billion: global AI deals unveiled

Around a San Francisco AI summit, South Korea unveiled government-led cooperation plans between global AI companies such as Nvidia, OpenAI and Broadcom and Korean firms including Samsung Electronics, SK Group, Hyundai Motor Group and Naver. Nvidia and SK Group disclosed a partnership intent worth more than $500 billion, while Samsung and Broadcom signed an MOU worth more than $200 billion through 2030. Nvidia and Brookfield also plan a $10 billion investment in Naver.

Industry

SK to expand AI chip, data centre ties with five big tech firms

SK has secured a foundation to carry out its domestic AI infrastructure investment plans through cooperation with U.S. big tech companies. It agreed with Nvidia, Microsoft and Anthropic on cooperation in AI chips and AI data centres, and discussed expanding domestic AI infrastructure cooperation with Amazon Web Services. SK also plans long-term cooperation with Nvidia on AI memory, and SK hynix will pursue supplying server memory to data centres with Microsoft.

AI & Enterprise

South Korea forms $9,500 billion AI alliance with global big tech, seeks 5 GW AI data centres

Major South Korean companies and global big tech firms will pursue semiconductor supply and production cooperation worth a total of $9,500 billion and build AI data centres with a combined capacity of 5 gigawatts. The Ministry of Science and ICT said it held the San Francisco AI Summit on July 24 local time with key domestic and overseas companies. It said six agreements were signed and the government will support implementation.