The companies signed the letters of intent following a meeting in Seoul between OpenAI CEO Sam Altman, South Korea's president Lee Jae-myung, Samsung Electronics' executive chairman Jay Y. Lee, and SK chairman Chey Tae-won. Under the deal, Samsung and SK Hynix plan to scale their manufacturing to produce up to 900,000 high-bandwidth memory DRAM memory chips per month for use in Stargate and AI data centers.
"If you just reduce compute to capital, you know, it's just money, and then you buy the physical infra," Kwon said. "We don't necessarily assume in lots of other industries or even in technology industries that if you're just the most capitalized company or organization, that you're automatically going to win." "It's how you make use of that resource and apply it to various bets," he added.