South Korea’s SK Hynix, Samsung Elec sign $950 bln partnership with US big tech

SEOUL, July 25 (Reuters) – South Korea’s Samsung ​Electronics (005930.KS), and SK ‌Hynix (000660.KS), will pursue memory chip supply ​partnership with ​U.S. big tech companies ⁠including Nvidia (NVDA.O), ​worth $950 billion overall, ​South Korea’s presidential adviser said on Saturday.
It ​includes the ​long-term supply of $750 billion ‌in ⁠memory chips to U.S. companies by SK Hynix ​and $200 ​billion ⁠in chips by Samsung ​Electronics to ​Broadcom (AVGO.O), ⁠the presidential adviser, Kim Yong-beom, ⁠told ​a briefing.

Reporting ​by Jack Kim; Editing ​by Tom Hogue.

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