SK hynix and Samsung sign $950bn chip supply deals with US tech giants

South Korea just made a $950 billion bet that the AI boom isn’t slowing down anytime soon. SK Hynix and Samsung Electronics have signed long-term memory chip supply partnerships with major US technology companies, combining for what may be the largest semiconductor supply commitment in history. SK Hynix is set to supply $750 billion worth of chips, primarily to Nvidia.