Presidential Office: Samsung, Broadcom Sign Five-Year 2000 Hundred Million Dollar AI Chip Foundry Deal
South Korea's presidential office announced that Samsung Electronics and Broadcom signed an MOU for a foundry partnership to supply advanced memory semiconductors worth 2000 hundred million US dollars over five years, including AI chip production. SK Group also secured a long-term supply deal for advanced memory semiconductors valued at 7500 hundred million US dollars with global tech giants including NVIDIA, with data center cooperation also to begin. The official stressed these are binding long-term procurement contracts, not letters of intent, with NVIDIA and Broadcom having placed firm orders to ensure stable production.
The director of the South Korean Presidential Policy Office, Kim Yong-beom, announced at a press conference that Samsung Electronics and Broadcom signed a memorandum of understanding for a foundry partnership to supply advanced memory semiconductors worth 2000 hundred million US dollars over the next five years, including the production of artificial intelligence chips.
SK Group also decided to engage in long-term supply cooperation for advanced memory semiconductors totaling 7500 hundred million US dollars with global large technology companies including NVIDIA over the same five-year period. Data center cooperation will also be launched.
Kim made it clear that these are "long-term procurement contracts" rather than letters of intent, meaning that if Korean companies produce memory chips, the other party will purchase the corresponding quantity. NVIDIA and Broadcom have already placed orders, locking in firm orders for the Korean companies to enable stable production.
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