Overview

• OpenAI CEO Sam Altman is in South Korea meeting with leaders of Samsung Electronics and SK Hynix, the world's top two memory chipmakers, to discuss potential collaborations in chip production.
• Altman has been reported to be raising billions of dollars to establish a network of semiconductor manufacturing factories, with Samsung and SK Hynix as potential partners.
• Samsung and SK Hynix manufacture premium high bandwidth memory (HBM) chips tailored for AI processors, a market currently dominated by Nvidia.
• SK Hynix recently returned to profit after four consecutive quarters of losses, driven by demand for chips used in AI.
• South Korea is a global leader in high-end chip production, with plans to invest heavily in the sector over the coming years.