Samsung Electronics and SK Hynix have reached agreements with global technology companies on a series of projects worth a combined $950 billion, according to Kim Yong-beom, head of policy at South Korea’s presidential office. Speaking on July 25, Kim said the arrangements include a long-term deal under which SK Group will supply $750 billion worth of high-performance semiconductors to global tech companies, including Nvidia. Separately, Samsung Electronics will provide $200 billion worth of chips to Broadcom. The comments outline the scale of the proposed cooperation and identify the companies tied to the supply commitments. The statement was cited by BlockBeats and names Nvidia and Broadcom as counterparties in the broader set of agreements.
Samsung Electronics and SK Hynix have reached agreements with global technology companies on a series of projects worth a combined $950 billion, according to Kim Yong-beom, head of policy at South Korea’s presidential office.
Supply commitments detailed
Speaking on July 25, Kim said the projects include a long-term agreement under which SK Group will supply $750 billion worth of high-performance semiconductors to global technology companies, including Nvidia (NVDA.O). Separately, Samsung Electronics will supply $200 billion worth of chips to Broadcom (AVGO.O).
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