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Korea-Broadcom Pact Signals Government AI PushAI

Korea-Broadcom Pact Signals Government AI Push

South Korea unveiled a $950 billion semiconductor and AI collaboration plan with global tech giants including Nvidia, Broadcom, and OpenAI, featuring long-term supply deals by SK and Samsung. The initiative, announced by President Lee Jae-myung in San Francisco, aims to position Korea as a key AI supply chain hub over the next five years across memory chips, AI infrastructure, and data centers.

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Jul 27, 2026

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  • Lee Jae-myung plans 11-day US, Latin America tourPresident Lee Jae Myung will embark on an 11-day tour starting July 24, meeting Nvidia, OpenAI, Anthropic and Broadcom CEOs in San Francisco and leading the San Francisco AI Summit as part of Korea’s push to expand AI leadership and investment, then continue with state visits to Brazil, Chile and Argentina and a stop in Frankfurt to meet Korean residents. The trip aims to deepen economic and diplomatic ties, including potential MOUs and minerals cooperation, across the United States, Latin America and Europe.60 src · Jul 27, 2026
  • Alecta Expands Stakes in Nvidia, Meta, BroadcomAlecta Pensionsforsikring expanded its AI-chip ecosystem exposure by boosting stakes in Nvidia, Meta, and Broadcom, signaling continued appetite for leading tech and AI-driven growth. Separately, Nvidia attracted institutional investor activity and strategic partnerships, including a KAIST AI research lab and collaboration with Amkor to reinforce AI compute and packaging capacity.30 src · Jul 26, 2026