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Samsung, SK Hynix set to supply chips to OpenAl's Stargate project
The Straits Times
|October 03, 2025
Samsung Electronics and SK Hynix have signed letters of intent to supply memory chips for OpenAl's data centres, as South Korean chipmakers join forces with the ChatGPT maker to meet rising demand from its Stargate project.
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South Korean President Lee Jae Myung meeting OpenAI CEO Sam Altman in Seoul on Oct 1. News of Samsung Electronics and SK Hynix joining forces with the ChatGPT maker sent shares of the chipmakers soaring. PHOTO: AFP
(AFP)
OpenAI will also work with the two firms on building two data centres in South Korea, leveraging Seoul's ambition to become an artificial intelligence (AI) hub in Asia and the country's large number of paying ChatGPT subscribers - second only to that of the US.
The news sent shares of the South Korean firms soaring on Oct 2. Samsung jumped 3.5 per cent to the highest close since Jan 25, 2021, while SK Hynix leapt 9.9 per cent to an all-time high.
Their rally also propelled the benchmark Kospi index up 2.7 per cent, after earlier hitting a record high.
The announcements were made on Oct 1 after OpenAI chief executive Sam Altman met South Korean President Lee Jae Myung and the chairmen of Samsung Electronics and SK Hynix at the Presidential Office in central Seoul.
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