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The Economic Times
The Economic Times

South Korea's SK Hynix, Samsung Electronics sign $950 billion partnership with US big tech

South Korea announced $950 billion in new AI initiatives involving Samsung Electronics, SK Group and U.S. tech firms as global AI leaders rush to fill a shortage of faster chips to power and develop more advanced systems.

SK Group has signed deals worth $750 billion, including SK Hynix’s partnership with Nvidia valued at more than $500 billion, South Korea's presidential Blue House said after an AI summit hosted by President Lee Jae Myung in San Francisco.

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