Beyond memory chips, Samsung SDS, Samsung C&T, and Samsung Heavy Industries explored collaborations with OpenAI in floating data centers and advanced infrastructure design.

Meanwhile, SK Telecom and OpenAI will jointly construct a dedicated AI data center in southwest Korea.

Also Read: OpenAI’s 4.5 GW Lease From Oracle Fuels Stargate’s $500 Billion Vision

SK Hynix remains a leading supplier of high-bandwidth memory (HBM) used in Nvidia’s (NASDAQ:NVDA) AI accelerators. At the same time, Samsung continues to press for a larger share of the booming market.

OpenAI CEO Sam Altman signed a letter of intent in Seoul with Korea's two most prominent companies, formalizing their role in one of the most ambitious AI infrastructure projects to date, Bloomberg reported on Wednesday.

The Stargate initiative, backed by Nvidia, Oracle (NYSE:ORCL), and other global players, could generate demand of up to 900,000 wafers per month as it scales worldwide — more than double the current international capacity for HBM, according to SK Hynix.

Altman's Asia tour also includes meetings with Taiwan Semiconductor Manufacturing Co (NYSE:TSM) and Hon Hai Precision Industry in Taipei.

Price Action: ORCL stock is down 0.80% at $279.00 as of the last check on Wednesday. NVDA is down 0.58%.

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