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South Korean memory giants Samsung and SK Hynix are set to announce massive deals with leading U.S. tech firms, report claims — Korean president arrives in Silicon Valley for meetings and high-profile AI summit

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(Image credit: Getty / NurPhoto) Samsung and SK Hynix, South Korean memory giants, are set to announce major deals involving “very large sums” with leading U.S. tech companies, according to a July 24 Bloomberg report , citing comments from the country's presidential policy chief Kim Yong-beom. According to the report, Kim did not disclose the financial details of the deal but said the announcements would likely cover strategic partnerships, memorandums of understanding, and long-term supply deals on memory chips. Go deeper with TH Premium: Memory The deals are set to be announced during South Korean President Lee Jae Myung’s visit to Silicon Valley for the high-profile San Francisco AI submit — beginning today, Friday July 24 — which is bringing together industry leaders, such as Samsung Chief Lee Jae-yong, SK groups chairman Chey Tae-won, Nvidia CEO Jensen Huang, as well as the CEOs of Open AI, Anthropic , and Broadcom among others.…

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