Samsung Electronics, SK Hynix, and global tech giants reach a $950 billion collaboration project

July 25th, the policy chief of the South Korean presidential office, Kim Yong-bum, stated that Samsung Electronics, SK Hynix, and global tech giants including NVIDIA (NVDA.O) have reached an agreement to carry out a series of collaboration projects with a total value of $950 billion. Kim Yong-bum explained that these projects include a long-term agreement.

Under this agreement, the SK Group will supply global tech companies, including NVIDIA, with $750 billion worth of high-performance semiconductors. Additionally, Samsung Electronics will supply Broadcom (AVGO.O) with $200 billion worth of chips.