Overview
- President Lee Jae Myung hosted a summit in San Francisco where South Korean conglomerates and U.S. tech firms announced roughly $950 billion in cooperation packages.
- Nvidia and SK Group unveiled a partnership worth more than $500 billion that includes co‑development of next‑generation high‑bandwidth memory and long‑term memory supply commitments.
- Officials said SK Group plans to supply about $750 billion in advanced semiconductors and SK Telecom will build a 2‑gigawatt AI data center using Nvidia Vera Rubin systems, with the first facility targeted for 2027.
- Samsung signed an MOU with Broadcom for up to $200 billion in memory, foundry and advanced packaging cooperation to support next‑generation AI accelerators.
- Most announcements are MOUs or strategic pacts that advance June’s megaproject plans but still lack final details on site selection, phased funding, power, water and timelines, creating execution and market‑risk questions.