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Korean and American technology giants gathered in San Francisco, Nvidia and Anthropic announced a large-scale agreement

2026-07-25·newswire-us-stock-014156
Korean and American technology giants gathered in San Francisco, Nvidia and Anthropic announced a large-scale agreement.

Silicon Valley in the United States held the San Francisco Artificial Intelligence Summit on Friday, which is regarded as another milestone in the South Korea-US technology alliance. South Korean President Lee Jae-myung attended the summit.

Korean technology company executives attending the meeting included Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Choi Tae-won, Hyundai Motor Group Executive Chairman Chung Eui-sun and Naver founder Lee Hae-jin. U.S.

technology company executives include Nvidia CEO Jen-Hsun Huang, OpenAI CEO Altman, Anthropic CEO Amodei and Broadcom CEO Chen Fuyang. In addition, about 150 business executives, investors, researchers and startup founders participated in the summit, according to South Korean officials.

South Korea announced an $880 billion investment plan last month, which is jointly supported by companies such as SK Hynix, Naver and Samsung Electronics. It aims to consolidate South Korea's leading position in the field of artificial intelligence by vigorously expanding chip production, building data centers and developing physical artificial intelligence.

South Korean officials said South Korean President Lee Jae-myung's visit to the United States to participate in the summit will help facilitate the finalization of several long-term negotiations between South Korea's top technology companies and their American counterparts, while also converting most of the investments planned last month into concrete projects.

meeting. According to reports, Nvidia said at the summit that it would establish a long-term partnership with SK Hynix to ensure Nvidia’s next-generation memory supply and jointly develop high-bandwidth memory for artificial intelligence training, artificial intelligence agents, and physical artificial intelligence applications.

In addition, SK Telecom plans to build a 2-gigawatt data center using Nvidia Vera Rubin chips and SK Hynix HBM4 memory, with the first facility set to come online in 2027. Nvidia pointed out that the total value of the artificial intelligence plan in cooperation with SK Group will exceed US$500 billion.

Nvidia CEO Jensen Huang also announced plans to jointly develop self-driving cars with South Korea's Hyundai Motor Group.

At the same time, Anthropic CEO Amoudi announced that he has signed supply agreements with Samsung Electronics and SK Hynix, and will sign a memorandum of understanding with South Korea’s Ministry of Science and Technology on artificial intelligence security and cybersecurity industry cooperation.

Kim Yong-beom, director of the Policy Office of the South Korean Presidential Office, previously said that in addition to signing a simple memorandum of understanding, companies from the United States and South Korea will also announce long-term contracts, large-scale transactions and strategic alliances.

Signing long-term supply agreements will be a key tool to deal with the risks of the recent surge in semiconductor prices. Global financial markets are closely watching whether the meeting can ease recent concerns about a slowdown in investment in artificial intelligence.

As the commercialization process of artificial intelligence is relatively slow compared with infrastructure investment, and the growth rate of capital expenditures of hyperscale cloud service providers may slow down, the stock prices of major manufacturers such as Samsung Electronics, SK Hynix and Nvidia have fallen by double digits from their peaks.

However, the industry generally believes that investment in artificial intelligence infrastructure will maintain steady growth in the next two to three years. Industry insiders explained that the HBM industry first coordinates specifications and quantities with customers before proceeding with production, so it is different from previous memory cycles.

AI infrastructure investments are planned on a multi-year basis, and the memory supply chain structure is also undergoing transformation.

#Stocks #Nvidia #AI #Semiconductors

Full text

Korean and American technology giants gathered in San Francisco, Nvidia and Anthropic announced a large-scale agreement

[Korean and American technology giants gathered in San Francisco, Nvidia and Anthropic announced a large-scale agreement] Silicon Valley in the United States held the San Francisco Artificial Intelligence Summit on Friday, which is regarded as another milestone in the Korean and American technology alliance. South Korean President Lee Jae-myung attended the summit. Korean technology company executives attending the meeting included Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Choi Tae-won, Hyundai Motor Group Executive Chairman Chung Eui-sun and Naver founder Lee Hae-jin.

Silicon Valley in the United States held the San Francisco Artificial Intelligence Summit on Friday, which is regarded as another milestone in the South Korea-US technology alliance. South Korean President Lee Jae-myung attended the summit. Korean technology company executives attending the meeting included Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Choi Tae-won, Hyundai Motor Group Executive Chairman Chung Eui-sun and Naver founder Lee Hae-jin. U.S. technology company executives include Nvidia CEO Jen-Hsun Huang, OpenAI CEO Altman, Anthropic CEO Amodei and Broadcom CEO Chen Fuyang. In addition, about 150 business executives, investors, researchers and startup founders participated in the summit, according to South Korean officials. South Korea announced an $880 billion investment plan last month, which is jointly supported by companies such as SK Hynix, Naver and Samsung Electronics. It aims to consolidate South Korea's leading position in the field of artificial intelligence by vigorously expanding chip production, building data centers and developing physical artificial intelligence. South Korean officials said South Korean President Lee Jae-myung's visit to the United States to participate in the summit will help facilitate the finalization of several long-term negotiations between South Korea's top technology companies and their American counterparts, while also converting most of the investments planned last month into concrete projects. meeting. According to reports, Nvidia said at the summit that it would establish a long-term partnership with SK Hynix to ensure Nvidia’s next-generation memory supply and jointly develop high-bandwidth memory for artificial intelligence training, artificial intelligence agents, and physical artificial intelligence applications. In addition, SK Telecom plans to build a 2-gigawatt data center using Nvidia Vera Rubin chips and SK Hynix HBM4 memory, with the first facility set to come online in 2027. Nvidia pointed out that the total value of the artificial intelligence plan in cooperation with SK Group will exceed US$500 billion. Nvidia CEO Jensen Huang also announced plans to jointly develop self-driving cars with South Korea's Hyundai Motor Group. At the same time, Anthropic CEO Amoudi announced that he has signed supply agreements with Samsung Electronics and SK Hynix, and will sign a memorandum of understanding with South Korea’s Ministry of Science and Technology on artificial intelligence security and cybersecurity industry cooperation. Kim Yong-beom, director of the Policy Office of the South Korean Presidential Office, previously said that in addition to signing a simple memorandum of understanding, companies from the United States and South Korea will also announce long-term contracts, large-scale transactions and strategic alliances. Signing long-term supply agreements will be a key tool to deal with the risks of the recent surge in semiconductor prices. Global financial markets are closely watching whether the meeting can ease recent concerns about a slowdown in investment in artificial intelligence. As the commercialization process of artificial intelligence is relatively slow compared with infrastructure investment, and the growth rate of capital expenditures of hyperscale cloud service providers may slow down, the stock prices of major manufacturers such as Samsung Electronics, SK Hynix and Nvidia have fallen by double digits from their peaks. However, the industry generally believes that investment in artificial intelligence infrastructure will maintain steady growth in the next two to three years. Industry insiders explained that the HBM industry first coordinates specifications and quantities with customers before proceeding with production, so it is different from previous memory cycles. AI infrastructure investments are planned on a multi-year basis, and the memory supply chain structure is also undergoing transformation.

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