OpenAI Announces Partnerships with South Korean Chip Giants over Stargate Project
Samsung Electronics and SK hynix will supply AI-specific memory chips for OpenAI's $500 billion Stargate project, requiring about 900,000 DRAM wafers monthly, company officials said.
- Samsung Electronics and SK Hynix have signed letters of intent to supply memory chips for OpenAI's data centers to meet demand for its Stargate project.
- OpenAI announced partnerships with Samsung affiliates to develop, build and operate AI data centers, and to work on floating offshore data centers.
- South Korea's presidential adviser said the country was open to financing the Stargate project, which would be impossible without chips from Samsung and SK Hynix.
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55 Articles
The South Korean technological giants Samsung and SK Hynix listed on Thursday at their highest level in a year after announcing alliances with the artificial intelligence colossus OpenAI, which pushed the Asian stock exchange to a historic peak. The rebound followed Wednesday’s announcement that both companies had signed preliminary agreements with OpenAI to supply chips and other equipment for their Stargate project, during a visit to Seoul by …
Alliances will focus on increasing the provision of advanced memory chips, essential for the IA of next generation, and on expanding the capacity of data centres in South Korea.
Samsung, SK Hynix shares rally on OpenAI partnerships
Shares of Samsung Electronics and SK Hynix rallied on Thursday after the South Korean chipmakers signed letters of intent to supply memory chips for OpenAI’s data centers.Read MoreThe post Samsung, SK Hynix shares rally on OpenAI partnerships first appeared on The Who Dat Daily.
OpenAI CEO's Korea visit leads to memory supply pact and AI data center plan
OpenAI CEO Sam Altman arrived in South Korea on October 1 to advance cooperation agreements with leading conglomerates SK Group and Samsung. His visit included meetings with SK chairman Chey Tae-won and Samsung chairman Lee Jae-yong, underscoring the country's growing role in artificial intelligence development.
SK Hynix shares hit multidecade highs, Samsung also surges as chipmakers partner with OpenAI
Headquarters of Samsung in Mountain View, California, on October 28, 2018. Smith Collection/gado | Archive Photos | Getty ImagesShares of South Korean chip heavyweights Samsung Electronics and SK Hynix surged Thursday, a day after the two companies partnered with artificial-intelligence major OpenAI as part of the U.S. firm’s Stargate initiative.Shares of Samsung hit their their highest since January 2021, rising over 4%, while SK Hynix stock su…
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