Signal Korea and US tech giants commit to a $950 billion AI and chip alliance

Summary

Korean and US technology companies agreed to pursue 950 billion dollars in semiconductor supply and manufacturing partnerships over the next five years, signing a total of six agreements. The plans also include building 5 gigawatts of AI data center capacity. Reported figures put the Samsung-Broadcom portion at roughly 200 billion dollars and the SK-Nvidia-linked portion at about 750 billion dollars. Hyundai announced an autonomous vehicle foundry plan with Waymo, while Samsung SDS announced a strategic partnership with Anthropic. The agreements follow up on the San Francisco AI Declaration announced aboard the USS Midway on July 24, 2026, and are linked to a data center investment megaproject worth 550 trillion won through 2029.