Samsung Electronics and SK Hynix are preparing to announce major chip supply agreements with leading US technology companies, according to Bloomberg. The deals are expected to involve very large sums and are set to be revealed during President Lee Jae Myung’s visit to Silicon Valley.

The planned announcements point to deeper commercial ties between South Korea’s biggest semiconductor makers and the US tech industry. While the report did not detail the exact companies involved or the products covered, the scale described suggests significant new business for both chip suppliers.

The timing is notable because the agreements are being linked to a high-profile presidential trip to one of the world’s most important technology hubs. That setting highlights the strategic importance of semiconductor partnerships as global tech companies look to secure reliable chip supplies.

If confirmed, the Samsung and SK Hynix agreements would reinforce the central role of South Korean manufacturers in the global semiconductor market. They would also underscore how closely chip supply, big technology spending and cross-border economic ties are becoming connected.