Samsung Electronics and SK Hynix are expected to announce major agreements with leading US technology companies during South Korean President Lee Jae Myung’s visit to Silicon Valley, according to senior presidential officials. The officials say the deals involve “very large” sums, but they do not provide specific financial terms or identify the US partners.
Quartz reports that the agreements are expected to include long-term memory chip supply contracts, and may also feature strategic investment partnerships. Bloomberg similarly describes the planned announcements as major supply deals with leading US technology firms, with the scale characterized as very large. Both accounts link the timing to the president’s trip, suggesting the announcements are being coordinated as part of broader business and diplomacy efforts.
As of the reports, details such as the exact contract sizes, duration, product scope, and company counterparties are not specified publicly. Further information is expected when the agreements are unveiled during the Silicon Valley leg of the visit.
