Samsung Electronics, SK Hynix Rally Up to 3.24% on $75B AI Alliances with Nvidia, Broadcom

According to Newsis, Samsung Electronics and SK Hynix rebounded on July 27, rising 1.80% and 3.24% respectively, amid positive market sentiment following announcement of major AI partnerships. The two South Korean semiconductor giants revealed over $75 billion in strategic collaborations with global tech leaders.

Samsung Electronics inked a memorandum of understanding (MOU) with Broadcom to invest more than $20 billion in joint AI semiconductor and foundry cooperation through 2030. SK Hynix signed a comprehensive letter of intent (LOI) with Nvidia for over $50 billion in AI infrastructure development, encompassing AI factory construction and memory supply.