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Key Points

4 points
1

Samsung Electronics and SK Hynix from South Korea create a partnership.

2

Target customers are large United States technology firms.

3

Deal value is about $950 billion.

4

Purpose is to boost supply and performance of memory chips for electronic devices.

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Summary

The partnership will supply memory chips to major technology companies based in the United States.

Valued at approximately $950 billion, the deal is one of the largest in the tech industry.

It is expected to increase the availability and speed of devices such as smartphones and computers.

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New Words to Learn

5 words
partnership
when two groups work together
memory chip
tiny part that stores information in a computer
technology
tools and machines that help us do things
United States
country in North America
billion
a number with nine zeros
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