OpenAI Altman travels to South Korea to meet with about 50 Samsung executives as memory chip shortage intensifies

IT House News on October 31st, according to Bloomberg, as the global memory chip supply shortage becomes increasingly serious, this afternoon (31st), OpenAI CEO Sam Altman met with Samsung Group executives in South Korea. The two parties plan to further strengthen cooperation in the supply of memory chips and AI infrastructure construction. According to a statement released by Samsung, Altman held talks with about 50 executives from Samsung's electronics, finance and biotechnology businesses in Yongin City. The two parties discussed the impact of AI on the industrial landscape, corporate decision-making methods and business development in the next ten years. Insufficient supply of various storage products is putting pressure on the global electronics industry, and chip prices have also risen sharply. The demand for data center construction continues to grow, and the competition among major operators for memory chips has further intensified. The five leading companies in the field of AI infrastructure plan to invest more than US$3 trillion in the next few years (IT House Note: The current exchange rate is approximately 20.01 trillion yuan), and memory chip spending accounts for about one-third of the total data center spending. The report pointed out that South Korea is a leader in advanced memory chip manufacturing, and the popularity of AI technology among local companies and consumers is also accelerating. Since last year, Nvidia CEO Jen-Hsun Huang and AMD CEO Lisa Su have visited South Korea twice to strengthen supply chain cooperation. Many technology industry executives have previously warned that chip manufacturing capacity will be unable to meet continued growth in market demand. This meeting is also a continuation of the previous cooperation plan between the two parties. According to the announced cooperation arrangement, Samsung will supply memory chips to OpenAI’s “Stargate” infrastructure project, and the two parties will also jointly build an AI data center. The scope of cooperation includes offshore floating data centers. At the same time, Samsung is also accelerating the application of AI technology in its own business, covering research and development, manufacturing, marketing and corporate operations.