OpenAI ropes in Samsung, SK Hynix to source memory chips for Stargate [TechCrunch]
SK Telecom Co., Ltd. (SKM)
US:NYSE Investor Relations:
sktelecom.com/en/investor/lib/announce.do
Company Research
Source: TechCrunch
The ChatGPT maker on Wednesday said it had struck agreements with two of the world's biggest manufacturers of memory chips, Samsung Electronics and SK Hynix, to make DRAM wafers for the Stargate AI infrastructure project, and build data centers in South Korea. 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. SK Group noted in a separate statement that this would be more than double the current industry capacity for high-bandwidth memory chips. Stargate is a massive infrastructure project by OpenAI, Oracle, and SoftBank that seeks to spend $500 billion to build data centers dedicated to AI development in the United States.
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SKM
News
- Venture Capitalist Antoine Blondeau On Asia's Hottest AI Markets [Forbes]Forbes
- Bybit Eyes South Korean Expansion with Korbit Acquisition [Yahoo! Finance]Yahoo! Finance
- The 'League of Legends' world final is shaping up to be one of the gaming business's biggest showdowns yet [Business Insider]Business Insider
- Anthropic to open South Korea office as part of Asia expansion [Yahoo! Finance]Yahoo! Finance
- Seoul weighs approval for Google, Apple high-resolution map requests [TechCrunch]TechCrunch
SKM
Sec Filings
- 10/30/25 - Form 6-K
- 10/30/25 - Form 6-K
- 10/23/25 - Form 6-K
- SKM's page on the SEC website