Headquarters of Samsung in Mountain View, California, on October 28, 2018.
Smith Collection/gado | Archive Photos | Getty Images
Shares of South Korean chip heavyweights Samsung Electronics and SK Hynix surged Thursday, a day after the two companies partnered with artificial-intelligence major OpenAI as part of the U.S. firm’s Stargate initiative.
Shares of Samsung hit their their highest since January 2021, rising over 4%, while SK Hynix stock surged more than 9% to hit its highest since 2000.
OpenAI said in a statement that this partnership will “focus on increasing the supply of advanced memory chips essential for next-generation AI and expanding data center capacity in Korea.”
The ChatGPT-maker said the two chipmakers plan to scale up production of advanced memory chips, which are critical to power its AI models.
— This is breaking news, please check back for updates.
https://www.cnbc.com/2025/10/02/sk-hynix-samsung-shares-openai-stargate-korea.html
