South Korea secures $950 billion in AI partnerships at San Francisco summit with tech giants

South Korea President Lee looking to open new era of AI in with global tech companies

SAN FRANCISCO, July 24 (Reuters) - South Korean President Lee Jae Myung hosted an AI summit in San Francisco on Friday, bringing together the heads of Nvidia, OpenAI, Anthropic and Broadcom with top South Korean business figures to accelerate efforts by Seoul to make the country a global AI powerhouse. In opening remarks, Lee said South Korea would lead the way to a new era of AI in partnership with global technology companies. Lee ⁠separately met Nvidia (NVDA.O), opens new tab CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom (AVGO.O), opens new tab CEO Hock Tan, before joining the South Korean government-backed summit in San Francisco. Samsung Electronics (005930.KS), opens new tab Executive Chairman Jay Y. Lee, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Euisun Chung and Naver (035420.KS), opens new tab founder Lee Hae-jin also attended the summit. President Lee delivered a keynote address unveiling a "San Francisco AI Declaration" that outlined South Korea's AI ambitions and its vision for ⁠technological cooperation with the United States. "I'd like to present a vision for the future of AI and propose global cooperation to make it happen," Lee said. "South Korea will make the leap as a key nation in the global AI supply chain." According ⁠to South Korean officials, about 150 executives, investors, researchers and startup founders attended the summit. On the sidelines of the conference, Nvidia and SK Group unveiled a $500 billion-plus AI ⁠initiative spanning large-scale AI data centres and next-generation memory. As part of the agreement, SK Telecom (017670.KS), opens new tab plans to build a 2-gigawatt data centre powered by ⁠Vera Rubin chips and SK Hynix (000660.KS), opens new tab HBM4 high-bandwidth memory chips. The data centre is due online in 2027. Reporting by Heekyong Yang, Joyce Lee, Jack Kim and Max Cherney in San Francisco; Editing by Tom Hogue Our Standards: The Thomson Reuters Trust Principles., opens new tab * Suggested Topics: * Media & Telecom * ADAS, AV & Safety * Software-Defined Vehicle Max A. Cherney Thomson Reuters Max A. Cherney is a correspondent for Reuters based in San Francisco, where he reports on the semiconductor industry and artificial intelligence. He joined Reuters in 2023 and has previously worked for Barron's magazine and its sister publication, MarketWatch. Cherney graduated from Trent University with a degree in history.

South Korea's Lee to visit South America and Germany, attend AI summit in US

SEOUL, July 22 (Reuters) - South Korean President Lee Jae Myung will visit San Francisco, Brazil, Chile, Argentina and Germany from July 24 to August 3, the presidential office said on Wednesday. Lee will hold separate summits with the leaders of Brazil, Chile and Argentina and attend an AI summit in San Francisco, National Security Adviser ⁠Wi Sung-lac said in a press briefing. The presidential office said Lee is also scheduled to meet Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman and Anthropic CEO Dario Amodei, while Samsung Electronics Chairman Jay Y. Lee, SK Group Chairman Chey Tae-won and Hyundai Motor Executive Chair Euisun Chung will also attend the AI summit. South Korea is eyeing an expansion of trade and ⁠business in South America, Wi said, seeking fresh negotiations for the South Korean-Mercosur trade agreement as well as modernisation of a free trade agreement with Chile. Seoul is also aiming to enhance cooperation in ⁠energy and food, Wi said, citing abundant reserves of critical minerals in the region. In San Francisco, Lee will meet with executives of six ⁠top venture capital firms, including Andreessen Horowitz, General Catalyst and Sequoia Capital. He will attend an MOU ceremony between South Korea's ⁠National Pension Service and the venture capital firms for long-term partnership, and then attend a roundtable, the presidential office said. Reporting by Kyu-seok Shim and Heejin Kim Editing by Ed Davies Our Standards: The Thomson Reuters Trust Principles., opens new tab

Samsung Electronics, SK Hynix unveil $950B in chip partnerships with US tech giants

Samsung Electronics and SK Group on Friday announced plans for a combined US$950 billion in semiconductor cooperation with major US tech companies like Nvidia and Broadcom, taking advantage of President Lee Jae Myung's visit to San Francisco. Lee that day introduced the San Francisco AI Declaration at an AI summit in the city hosted by the Korean government. "Building on our world-class competitiveness and production know-how in memory semiconductors, we will emerge as a reliable supply chain partner and production hub for AI chips," the Korean president said. At the event, Samsung Electronics signed a memorandum of understanding worth up to US$200 billion with American chipmaker Broadcom on cooperation in the supply of advanced memory chips and foundry services for AI chip output over the next five years. SK Group concluded deals worth a combined US$750 billion on long-term supply partnerships for such semiconductors with Nvidia and others, also over five years. "Nvidia, Broadcom and others have placed advance memory orders and signed long-term contracts to buy this amount over the next five years," said Kim Yong-beom, the Blue House director of policy, at a news briefing there. "This will help ensure stable chip production at our companies." In addition, Korean internet portal giant Naver will build an AI plant for US$10 billion with investments from Nvidia and global asset manager Brookfield. Hyundai Motor Group and Nvidia will also jointly set up a "robot reference platform" to develop and test AI robots. Kim Hyeong-joon, the head of the Korea-based Next-Generation Intelligent Semiconductor Foundation, hailed the agreements reached in San Francisco. "Through long-term contracts with US Big Tech firms, our companies can keep expanding their semiconductor plants and raise the potential for the semiconductor industry's sustainable growth," the expert said. By Seo Young-ji, staff reporter; Bae Ji-hyun, staff reporter

Samsung, SK, Hyundai expand AI partnerships with Big Tech firms to $950 bil. - The Korea Times

President Lee Jae Myung raises a beer during a dinner with global artificial intelligence industry leaders in San Francisco, Friday (local time). From left are SK Group Chairman Chey Tae-won, presidential chief of staff for policy Kim Yong-beom, Microsoft Azure Hardware System President Rani Borkar, Nvidia CEO Jensen Huang, Lee, Broadcom CEO Hock Tan, Samsung Electronics Executive Chairman Lee Jae-yong and Hyundai Motor Group Executive Chair Chung Euisun. Yonhap Samsung, SK Group, Hyundai Motor Group and other Korean tech conglomerates expanded their artificial intelligence (AI) and semiconductor partnerships with U.S. Big Tech companies to $950 billion during President Lee Jae Myung's visit to San Francisco over the weekend. According to presidential chief of staff for policy Kim Yong-beom, Korean companies and Big Tech firms agreed to pursue a combined $950 billion worth of semiconductor and AI partnerships, on the occasion of the San Francisco AI Summit on Friday (local time). Among them, Samsung Electronics signed a $200 billion memorandum of understanding (MOU) with Broadcom, under which Samsung's memory and foundry businesses will supply AI-specific high-bandwidth memory (HBM) chips and logic semiconductor manufacturing services for Broadcom's AI accelerators through 2030. Broadcom is one of the world's leading fabless companies specializing in application-specific integrated circuit chips, designing custom processors tailored to the needs of individual hyperscalers and cloud service providers. As such customers increasingly seek AI accelerators designed to their own specifications, demand is also rising for memory chips customized to support those processors. Samsung began mass production and shipments of the industry's first HBM4 featuring a 4-nanometer base die capable of supporting customized demands in February. In May, it became the first in the industry to provide samples of the upgraded HBM4E to customers. Samsung said it plans to leverage those technologies to supply HBM and other advanced memory solutions to maximize Broadcom's AI accelerators. Samsung foundry will apply its advanced sub-2-nanometer process technology to Broadcom's key product lineup, including networking semiconductor solutions supporting next-generation high-speed data communications, as well as offering packaging services using 2-nanometer process. Samsung said the two sides will closely cooperate in every stage of chip making process -- from chip design and fabrication process optimization to advanced packaging and mass production. "In the era of AI, semiconductor solutions that tightly integrate memory, logic chips and advanced packaging are becoming increasingly important," Samsung Electronics Vice Chairman and Head of Device Solutions Jun Young-hyun said. "By expanding our collaboration with Broadcom, we will accelerate the development of future AI infrastructure and deliver greater value to our customers." Samsung SDS, meanwhile, inked a strategic partnership with Anthropic to deploy Claude across domestic businesses and jointly expand enterprise AI services in the country. Under the agreement, the companies will collaborate to pursue new business opportunities in Korea, train engineers to deploy and operate Anthropic's Claude models and support Samsung affiliates' transition to AI-native operations through Claude Enterprise. Samsung SDS said the partnership will include joint marketing, proof-of-concept projects and business development initiatives aimed at expanding enterprise AI adoption across industries. It will also launch a training program, Applied AI Engineers, to train specialists to support the deployment, integration, operation and technical support of Claude models for enterprise customers. SK Group expands ties with Nvidia, Microsoft SK Group expanded its AI infrastructure partnerships with Nvidia, Microsoft, Anthropic and Amazon Web Services (AWS) on the sidelines of the event. It signed a letter of intent with Nvidia for a comprehensive partnership worth more than $500 billion to build AI infrastructure, spanning from AI data center to AI memory supplies. Under the agreement, SK Telecom will receive Nvidia's next-generation graphics processing units (GPUs) and pursue investment cooperation to build Korea's largest AI data center with a planned capacity of 2 gigawatts. SK Telecom plans to use Nvdia's AI data center architecture DSX and Vera Rubin computing system to build and operate the data center and others beginning in 2027. SK Telecom also signed an MOU with Anthropic, agreeing on the basic framework for cooperation to build gigawatt-scale AI data centers in Korea, as well as expanding existing ties with AWS. SK hynix expanded its long-term AI memory partnership with Nvidia. The two companies plan to jointly develop and optimize next-generation AI memory, including HBM, to meet growing infrastructure demand. SK hynix and Microsoft also agreed to pursue a long-term memory supply partnership. The two companies agreed to explore ways to provide Microsoft with server memory optimized for AI workloads over the medium to long term. "Competitiveness in the AI era depends not only on how well AI is utilized, but also on how much intelligence can be generated," SK Group Chairman Chey Tae-won said. "Building on SK Telecom's AI infrastructure capabilities and SK hynix's AI memory technologies, we will work with Nvidia to build a world-class AI factory and help Korea evolve from a consumer of AI into a global hub driving AI innovation." Hyundai Motor bets on physical AI Hyundai Motor Group used the San Francisco event to declare its ambition to become a physical AI specialist. During the event, Hyundai Motor Group Executive Chair Chung Euisun said the group is transforming itself from a traditional automaker into a provider of physical AI solutions spanning autonomous driving, robotics and AI factories. The group's vision begins with making vehicles, robots and other individual devices more intelligent, and then extends to AI factories that connect entire manufacturing processes through AI. Its ultimate goal is creating a city-scale integrated intelligence. To achieve that vision, Chung said Hyundai Motor Group will combine its strengths in manufacturing, mobility and robotics with the software, AI infrastructure and algorithm capabilities of global Big Tech companies such as Nvidia, Waymo and Google DeepMind. With Nvidia, Hyundai Motor will jointly develop an AI Robot Reference Platform and establish a Robot Application Center in Korea. Hyundai Motor Group will also continue its autonomous driving foundry partnership with Waymo using IONIQ 5 vehicles produced at Hyundai Motor Group Metaplant America in Georgia. Naver is partnering with Nvidia and Canadian investment firm Brookfield to build a 200-megawatt AI factory with a capacity for about 100,000 GPUs at its GAK Sejong hyperscale data center after securing a combined $10 billion in investment and financing from the two companies. Nvidia plans to invest $1 billion in the project, while Brookfield has signed a nonbinding agreement to provide up to $9 billion in financing. Naver will raise the remaining funds needed for the project. The company said it plans to eventually expand the facility's capacity to 1 gigawatt. It will deploy Nvidia's Vera Rubin and Blackwell platforms. "Nvidia's strategic investment and an infrastructure agreement with Brookfield marked the start of full-scale execution of the company's AI factory strategy," Naver's founder and Chairman Lee Hae-jin said.

S. Korean, global tech firms agree on $950 bil. cooperation projects: official - The Korea Times

President Lee Jae Myung raises a toast with attendees during a dinner with global AI leaders at a restaurant in San Francisco, July 24. Yonhap SAN FRANCISCO -- Korean conglomerates and global tech giants, including Nvidia Corp., agreed Friday to pursue a series of cooperation projects that together are worth $950 billion, a senior presidential official said. The projects include a long-term deal under which SK Group will supply $750 billion worth of high-performance semiconductors to global tech firms, including Nvidia, presidential chief of staff for policy Kim Yong-beom said at a press briefing. The agreement was reached during a high-level meeting in San Francisco that brought together the chiefs of global tech firms and the heads of South Korean conglomerates, including Samsung Electronics Co. Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won. OpenAI Chief Executive Officer Sam Altman and Nvidia CEO Jensen Huang were also among those who attended the meeting. During the meeting, South Korean firms and global tech companies also agreed to pursue joint investment in large-scale AI data centers with a combined capacity of 5 gigawatts and 2 million graphics processing units (GPUs), Kim said. South Korea's internet portal Naver will also establish global AI factories worth $10 billion through a strategic investment agreement with Nvidia and an infrastructure supply deal with Brookfield, a Canadian investment management firm. Also at the meeting, President Lee Jae Myung declared a vision to make South Korea a trustworthy production base and supply partner for artificial intelligence (AI) semiconductors, vowing to lead the country into a key global player in the AI supply chain. "South Korea will make a leap forward to become an irreplaceable, core nation in the AI supply chain," Lee said under what his office called the "San Francisco AI Declaration." "Based on the world's highest-level competitiveness and production capacity in memory semiconductors we have, (South Korea) will become a trustworthy AI chip production base and supply chain partner," the president said. The declaration came as Seoul seeks to provide further momentum after growing global demand for semiconductors amid the AI boom has helped push South Korean into becoming one of the world's major chip supply hubs. Last month, South Korea announced three megaprojects involving major investments, totaling over 4,000 trillion won ($2.73 trillion), in a semiconductor production cluster, physical AI and AI data centers. "South Korea will establish a world-class AI hub that will reliably supply the core infrastructure needed by the global AI ecosystem," the president said. "The Republic of Korea will create a new market where the world can grow together by becoming not only a key supplier but also a country that most effectively and swiftly utilizes AI," he added, referring to South Korea by its official name. Lee also pledged efforts to create new markets for the real-world application of AI technology, such as in manufacturing or logistics, adding that the country will also seek to become a test bed for AI adoption. "South Korea will become a responsible partner that shares the opportunities and benefits of AI with the world and grows together rather than pursuing growth alone," he said. The South Korean president arrived here earlier in the day as part of a five-nation trip that will later take him to three South American countries, including Chile and Argentina. He is set to depart Saturday for Brazil.

Top S. Korean biz chiefs meet with Nvidia, global tech leaders - The Korea Times

President Lee Jae Myung raises a toast with attendees during a dinner with global AI leaders at a restaurant in San Francisco, July 24. From left are Rani Borkar, President for Azure Hardware Systems at Microsoft; Jensen Huang, CEO of Nvidia; Lee; Hock Tan, CEO of Broadcom; Samsung Electronics Executive Chairman Lee Jae-yong; and Hyundai Motor Group Executive Chair Chung Euisun. Yonhap SAN FRANCISCO -- Chiefs of South Korean big tech companies, such as Samsung Electronics, met with Jensen Huang, chief executive officer of Nvida, Friday, to discuss cooperation in artificial intelligence (AI) and other fields. Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Euisun Chung and Lee Hae-jin, founder of South Korea's top portal operator Naver, visited Nvidia's headquarters to meet Huang, according to the companies. Details of each meeting were not immediately unveiled, but they are presumed to have discussed their cooperation and investment plans between Nvidia and South Korean companies. On Thursday, Huang also met with SK Group Chairman Chey Tae-won to expand their business cooperation. The South Korean business leaders are accompanying President Lee Jae Myung, who was visiting to promote the country's AI vision and business cooperation with global big tech firms, on his way to South America. They also attended a South Korean government-backed summit meeting with leaders of global big tech firms, such as OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan. The meetings came after Huang visited South Korea in June and met with top executives from Korean companies in the AI-related industry, such as Samsung Electronics, SK hynix Inc., Hyundai Motor Group, LG Group and Naver. Samsung Electronics and SK hynix, the world's two largest memory chipmakers, are key suppliers to Nvidia and other AI companies, while Hyundai Motor Group has expanded its presence in physical AI through its robotics subsidiary, Boston Dynamics. During a meeting with President Lee, Huang unveiled a series of large cooperation projects with South Korean tech firms, including a $500 billion business partnership with SK Group. Huang also announced plans to jointly develop a self-driving Genesis sedan with Hyundai Motor Group and make a large-scale investment in internet portal Naver to help the company further expand its presence at home and abroad. With SK hynix Inc. and Samsung Electronics in particular, Nvidia plans to sign partnerships on chip design and memory design, Huang noted.

Lee meets OpenAI, Nvidia CEOs, calls for greater roles in S. Korea's AI investment projects - The Korea Times

President Lee Jae Myung raises a toast with Nvidia CEO and other attendees during a dinner with global AI leaders at a restaurant in San Francisco, July 24. Yonhap SAN FRANCISCO -- South Korean President Lee Jae Myung met with the heads of four global tech giants, including Nvidia Chief Executive Officer Jensen Huang, on Friday and called for their greater participation in South Korea's artificial intelligence (AI) investment plans. The meetings took place on the first day of Lee's two-day trip to San Francisco aimed at promoting AI investment and cooperation between global tech giants and South Korea. Lee also met separately with OpenAI CEO Sam Altman, Anthropic PBC CEO Dario Amodei and Broadcom Inc. CEO Hock Tan. During his meeting with Huang, the South Korean president praised him as being at the forefront of a "fundamental shift" taking place around the world and introduced South Korea's recently announced large-scale investment plans to build a semiconductor production cluster and AI data centers. The plans aim to provide further momentum after growing global demand for semiconductors amid the AI boom has helped push South Korean into becoming one of the world's major chip supply hubs. Lee expressed hope that the Nvidia CEO will play a greater role in South Korea's investment drive, saying the projects will help transform the country into an AI-driven society. Huang underscored what he called South Koreans' enthusiasm for AI, stressing that the country has entered a golden era under Lee's leadership. The president responded by highlighting his pledge to make South Korea a global leader in applying AI to the real world. In a separate meeting with Altman, the president again stressed his government's push to transform the country's industrial structure around AI, adding that he enjoys using OpenAI's ChatGPT. He also asked Altman to play a greater role in South Korea's investment plans, while Altman described South Korea as one of the world's most important countries in AI development. Meeting Amodei, Lee asked for his special attention to South Korea's AI sector. The president said, "As South Korea plans to significantly expand investment in the AI sector, I hope for Anthropic's special attention, investment and contributions." Amodei thanked Lee, noting the South Korean government's priority on AI, and said he expects a wide range of cooperation with South Korea. He said Anthropic places the highest priority on cooperation with other companies and expressed hope for cooperation with South Korea in various areas, including data centers. Amodei said his company and South Korea's science ministry will sign a memorandum of understanding on cooperation in AI security and the cyber industry. During a separate meeting with the Broadcom CEO, the South Korean president again called for the company's help and support for South Korea's push to establish an AI ecosystem.

Nvidia chief says will announce $500 bil. partnership with SK Group in meeting with Lee - The Korea Times

President Lee Jae Myung, right, holds a meeting with Nvidia Chief Executive Officer (CEO) Jensen Huang, in San Francisco, July 24. Yonhap SAN FRANCISCO -- President Lee Jae Myung held a meeting with Nvidia Chief Executive Officer (CEO) Jensen Huang on Friday, during which the tech executive said his company will announce a $500 billion business partnership with South Korea's SK Group. The meeting took place on the first day of Lee's two-day trip to San Francisco aimed at promoting AI investment and cooperation between global tech giants and South Korea. During the meeting, Huang also announced plans to jointly develop a self-driving Genesis sedan with South Korea's Hyundai Motor Group.

Lee meets Anthropic CEO Amodei, seeks support for Korea's AI sector - The Korea Times

President Lee Jae Myung, right, holds a meeting with Dario Amodei, chief executive officer of U.S. artificial intelligence (AI) company Anthropic PBC, in San Francisco, July 24. Yonhap SAN FRANCISCO -- South Korean President Lee Jae Myung met with Dario Amodei, chief executive officer of U.S. artificial intelligence (AI) company Anthropic PBC, on Friday and asked for his special attention to South Korea's AI sector. The meeting took place on the first day of Lee's two-day trip to San Francisco aimed at promoting AI investment and cooperation between global tech giants and South Korea. "I am very glad and delighted to meet someone who is world-famous. You are also very well known in South Korea," Lee told Amodei. The president added, "As South Korea plans to significantly expand investment in the AI sector, I hope for Anthropic's special attention, investment and contributions." Amodei thanked Lee, noting the South Korean government's priority on AI, and said he expects a wide range of cooperation with South Korea. He said Anthropic places the highest priority on cooperation with other companies and expressed hope for cooperation with South Korea in various areas, including data centers. Amodei said his company and South Korea's science ministry will sign a memorandum of understanding on cooperation in AI security and the cyber industry. Lee was set to meet with executives from three other global tech giants here later in the day, including OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang.

President Lee, biz leaders to meet Nvidia, OpenAI chiefs in San Francisco - The Korea Times

President Lee Jae Myung, right, listens to a participant's remark during a discussion meeting on regional, essential and public healthcare at Cheong Wa Dae in Seoul, Wednesday. Yonhap President Lee Jae Myung and Korean business leaders will meet with executives of Big Tech firms during his visit to the United States later this week, his office said Wednesday, highlighting Korea's growing role in the global artificial intelligence (AI) industry and strengthening ties with key players in the sector. Lee will embark on a five-nation trip on Friday, visiting Brazil, Chile, Argentina, Germany and the U.S. National Security Adviser Wi Sung-lac and presidential chief of staff for policy Kim Yong-bum said Lee will meet Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan in separate meetings in San Francisco. The presidential office said the meetings are part of the president's schedule to engage with global AI leaders and Silicon Valley venture capitalists. "Through meetings with CEOs of global Big Tech companies, the president will emphasize Korea's commitment to AI investment and global cooperation while securing tangible outcomes such as investment partnerships from key enterprises," Kim said. The presidential office said Lee will also attend the San Francisco AI Summit on Friday (local time) and meet Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Executive Chair Chung Euisun and Naver Board Chair Lee Hae-jin to discuss mega-scale AI projects for Korea. It said the president will witness the signing of partnerships between the Korean firms and the tech giants and announce a proclamation at the summit that Korea will become an "irreplaceable" state in the global AI mainstream. Aside from the president, the heads of Samsung Electronics, SK Group, Hyundai Motor Group and Naver are expected to meet the CEOs of Nvidia, OpenAI, Anthropic and Broadcom at the summit, marking a rare gathering of global AI industry leaders. A roundtable-style meeting will take place, with discussions expected to focus on ways to strengthen cooperation in memory chips, graphics processing unit (GPU) infrastructure and generative AI services amid growing demand for AI technologies. The gathering would be unprecedented, bringing together leaders of the world's two largest memory chipmakers, Samsung Electronics and SK Group's SK hynix, AI chip leader Nvidia, and generative AI developers Naver, OpenAI and Anthropic. Just over a month ago, Huang visited Korea and held separate meetings with leaders from Samsung, SK, Hyundai, LG and Naver. This upcoming gathering in the U.S. reaffirms Nvidia's commitment to strengthening partnerships with Korean firms that are now seen not just as memory suppliers but as essential partners in the global AI infrastructure ecosystem. Samsung Electronics and SK hynix already supply high-bandwidth memory (HBM) and other advanced memory products to Nvidia. HBM4 chips from Samsung Electronics and SK hynix are slated for inclusion in Nvidia's next-generation AI accelerator, Vera Rubin, which is expected for market launch in the second half of this year. Samsung and SK are also memory suppliers for OpenAI's proprietary AI chips and signed an agreement last year to provide high-performance memory for Stargate, a multibillion-dollar AI infrastructure project. Beyond memory, collaboration in foundry services is also expanding. Samsung is producing Nvidia's inference-focused language processing unit, Grok 3, and is currently in talks with Anthropic to manufacture AI chips using its 2-nanometer process. This reflects a broader trend of Korean firms playing increasingly strategic roles across the AI value chain. Naver is expected to discuss cooperation on its "AI factory" initiative which integrates GPU servers, data centers and power/cooling infrastructure with AI models and cloud technology to support large-scale AI computation. Industry observers suggest the meeting could also help allay recent concerns about a potential AI peak-out as demand for AI infrastructure remains robust and memory shortages are projected to persist into 2027. With leaders from the memory, GPU and generative AI sectors convening in one place, this summit is poised to signal a new phase of strategic alignment in the global AI market, in which Korean companies are positioned as core enablers of the AI era. Industry observers believe the meeting is likely to send a strong signal to the market that AI demand and investment capacity will remain robust over the next two to three years, going beyond simply reinforcing cooperation on AI infrastructure. Some industry executives noted that with stock prices having fallen by double digits from their highs, the summit could help ease peak-out fears if it leads to a more concrete road map for AI infrastructure investment and clearer directions for collaboration.