Kim Yong-beom, Chief Presidential Secretary for Policy, stated that during South Korean President Lee Jae-myung's visit to Silicon Valley, Samsung Electronics and SK Hynix will sign major agreements involving "significant" funds with leading American tech companies. These agreements may include new long-term memory chip supply contracts, strategic investment partnerships, and memorandums of understanding. He did not specify the amounts. Kim said President Lee’s visit acted as a “catalyst” to he

The Chief of Policy at the Presidential Office of South Korea, Kim Yong-beom, stated that during South Korean President Lee Jae-myung’s visit to Silicon Valley, Samsung Electronics and SK Hynix will sign significant agreements involving “huge” sums of capital with major American technology companies. These agreements may include new long-term memory chip supply contracts, strategic cooperative investment partnerships, as well as memorandums of understanding. He did not specify exact amounts. Kim said President Lee Jae-myung’s visit acted as a “catalyst” to help conclude long-term negotiations between Korean and American companies. Lee Jae-myung departed for the United States on Friday. He will attend an artificial intelligence summit and hold meetings with NVIDIA CEO Jensen Huang, OpenAI founder Sam Altman, Anthropic co-founder Dario Amodei, and Broadcom CEO Hock Tan.