Business
Samsung, SK Group’s $950 Billion AI Deals With US Tech Giants Draw Questions Over What the Math Really Means
South Korea unveiled a sweeping $950 billion package of artificial intelligence chip and infrastructure deals involving Samsung Electronics, SK Group and major U.S. technology firms this week, a announcement Seoul’s government hailed as proof of the country’s central role in the global AI supply chain. But the figure has quickly drawn scrutiny from industry analysts and journalists who say the number blends revenue, expenditures and undisclosed estimates in ways that make it difficult to verify.
A high-profile summit in San Francisco
The deals were announced following an AI summit hosted by South Korean President Lee Jae Myung in San Francisco on July 24, which brought together top executives from Nvidia, Broadcom, Microsoft, Anthropic and other major U.S. technology firms alongside leaders from Samsung, SK Group, Hyundai Motor Group and Naver. At the summit, Lee unveiled what he called the “San Francisco AI Declaration,” outlining Seoul’s broader ambitions for technological cooperation with the United States, describing plans to make the country’s “dynamic AI ecosystem” available to help expand global markets for both industrial and personal AI applications. South Korea’s presidential office described the overall $950 billion figure as a landmark achievement demonstrating the country’s position as a key player in the global AI supply chain.
How the $950 billion breaks down
According to figures released by South Korea’s government, the total combines roughly $200 billion tied to a memorandum of understanding between Samsung Electronics and Broadcom, approximately $500 billion connected to SK Group’s collaboration with Nvidia, and an additional $250 billion representing the government’s own estimate of SK’s broader collaborations with other major technology firms including Microsoft, Anthropic and Amazon Web Services. Hyundai Motor Group separately announced plans to collaborate with Nvidia, Waymo and Google DeepMind in the physical AI sector, though it did not disclose specific dollar figures tied to that cooperation.
The Samsung-Broadcom agreement covers memory, foundry and advanced packaging collaboration through 2030, with Samsung set to supply high-bandwidth memory for Broadcom’s next-generation AI accelerators while also producing Broadcom’s communication semiconductors using sub-2-nanometer manufacturing processes. A Samsung Electronics official described the agreement as comprehensive in scope but declined to specify how the $200 billion figure splits between memory supply and foundry or packaging orders, noting the estimate reflects the companies’ projected activity over five years rather than a confirmed order.
The larger SK Group figure centers on a letter of intent between SK Telecom and Nvidia to build an AI data center, or “AI Factory,” with up to 2 gigawatts of capacity beginning in 2027, alongside a long-term agreement for SK Hynix to supply next-generation AI memory, including high-bandwidth memory, to Nvidia.
Why the numbers have drawn skepticism
Despite the scale of the announcement, industry observers and business sources have raised questions about how the figures were calculated. Notably, the disclosed totals combine revenue Korean companies expect to earn selling semiconductors to U.S. firms with the money those same Korean companies plan to spend purchasing American-made graphics processing units, a structure some in the industry say inflates the headline number. One source from the business community, speaking about SK’s dealings with Nvidia specifically, characterized the practice of combining outbound sales figures with inbound purchases as reflective of a broader pattern of exaggeration currently common across the AI industry.
Beyond the revenue-and-expenditure blending, most of the individual company-level breakdowns behind the $950 billion figure have not been disclosed. Aside from the specific numbers tied to Broadcom and Nvidia, the government has not detailed how much of the total stems from any other individual company relationship, including the roughly $250 billion attributed broadly to SK’s collaborations with Microsoft, Anthropic and Amazon Web Services. SK has said the overall scale is not significantly overstated but has not released company-by-company figures to support that claim.
Industry context: some deals seen as inevitable
Some industry insiders have suggested that, given how few global suppliers exist for advanced memory chips, much of the projected business between major U.S. technology firms and South Korea’s two dominant memory producers was effectively predetermined regardless of Friday’s announcement. An SK official acknowledged that the company’s collaborations with Nvidia and other partners on semiconductors and data centers have been ongoing for some time, while arguing that publicly disclosing the scale of those relationships for the first time still carries meaningful value in demonstrating actual demand for South Korean semiconductors.
SK’s chairman defends the announcement
SK Group chairman Chey Tae-won pushed back directly against suggestions that the figures were overstated, framing the announcement as conservative relative to the company’s actual scope of activity. “The AI plan grows bigger the more we touch it,” Chey said, adding that he suspects the announced figures may understate the true scale of the projects already underway. He emphasized that the disclosures reflected work grounded in realistic planning rather than speculative announcements.
Part of a broader state-backed AI push
Friday’s announcement builds on an already ambitious state-driven AI strategy from President Lee’s government. Last month, Lee unveiled three large state-backed initiatives centered on Samsung Electronics and SK Hynix aimed at building semiconductor production clusters, physical AI ecosystems and AI data centers, representing more than $576 billion in investment on their own. Lee is also scheduled to attend a separate Silicon Valley meeting involving South Korea’s National Pension Service, the world’s third-largest pension fund, and U.S. venture capital firms, part of a broader effort to attract international investment into South Korean startups.
With most of the underlying company-specific figures still undisclosed, and questions lingering over how much of the $950 billion reflects genuinely new business versus previously expected transactions between a small number of global chip suppliers and buyers, further clarity is likely to depend on future corporate disclosures from Samsung, SK Hynix and their U.S. partners as the various memorandums of understanding and letters of intent move toward finalized contracts in the years ahead.
Business
I Am Buying +10% Yields At Big Discounts To Boost My Income
Rida Morwa is a former investment and commercial Banker, with over 35 years of experience. He has been advising individual and institutional clients on high-yield investment strategies since 1991. Rida Morwa leads the Investing Group High Dividend Opportunities where he teams up with some of Seeking Alpha’s top income investing analysts. The service focuses on sustainable income through a variety of high yield investments with a targeted safe +9% yield. Features include: model portfolio with buy/sell alerts, preferred and baby bond portfolios for more conservative investors, vibrant and active chat with access to the service’s leaders, dividend and portfolio trackers, and regular market updates. The service philosophy focuses on community, education, and the belief that nobody should invest alone. Learn More.
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Business
Lula calls new US tariffs a mistake in Washington Post op-ed

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Business
Trump Calls LeBron James a Possible ‘Racist’ While Praising Michael Jordan as the Real GOAT in Oval Office
President Donald Trump said Friday that he considers LeBron James a possible “racist” while declaring Michael Jordan the greatest basketball player of all time, remarks that came hours after James announced he would play for the Philadelphia 76ers this coming season.
A GOAT debate with a political twist
Speaking to reporters in the Oval Office, Trump was asked to weigh in on the long-running debate over whether James or Jordan deserves the title of basketball’s greatest player ever. Rather than addressing statistics, championships or on-court accomplishments, Trump framed his answer around his personal relationship with each player. Speaking about Jordan, Trump described their friendship directly. “Michael Jordan is a guy that’s a friend of mine. Play golf with him. He’s a really good guy,” Trump said.
Turning to James, Trump’s tone shifted sharply. According to Yahoo Sports, Trump said, “I think LeBron is, maybe he’s a racist. But maybe he doesn’t like Trump I don’t know.” He went on to justify his preference for Jordan on personal terms rather than basketball merit, concluding that his ranking came down to who liked him personally rather than any evaluation of the players’ careers.
A history of friction between Trump and James
Friday’s comments extend a yearslong pattern of public friction between Trump and James that dates back to Trump’s first term in office. According to The Hill, the two have clashed repeatedly over the years, including a notable 2018 exchange in which James criticized Trump’s approach to leadership. Reacting to Trump’s rhetoric at the time, James suggested the president’s comments no longer surprised him, saying, “It’s not even a surprise when he says something.”
Other accounts of the relationship point to additional flashpoints. According to Thought Catalog, James previously called Trump a “bum” after the president rescinded a planned White House invitation to the Golden State Warriors during an earlier NBA championship season, a decision James publicly criticized at the time. Trump later mocked James’ intelligence on social media in a separate incident, drawing public pushback that included support for James from Jordan himself, according to the same report.
James has also been an outspoken advocate on issues including police violence and has publicly criticized several of Trump’s political campaigns over the years, positioning him among the more politically vocal athletes in professional sports.
Timing tied to James’ move to Philadelphia
Trump’s comments came just hours after James confirmed he would sign with the Philadelphia 76ers, ending speculation about where the 41-year-old superstar would play in what is expected to be one of the final stretches of his 23-season NBA career. The timing led several reporters to ask Trump directly about the news during his Oval Office appearance, prompting the exchange over the GOAT debate.
James’ move to Philadelphia came after he bypassed potential reunions with both the Miami Heat and the Cleveland Cavaliers, two franchises where he previously won championships, in favor of joining a 76ers roster built around Joel Embiid, Tyrese Maxey and Jaylen Brown.
A long-standing basketball debate reframed
The Jordan-versus-James debate has divided NBA fans for years, typically centered on statistical comparisons, championship counts and eras of competition rather than personal relationships. James has won four NBA titles and four MVP awards across his 23 seasons, a career that has included stops with the Cavaliers, Miami Heat, Los Angeles Lakers and now the 76ers. Jordan won six championships and five MVP awards during 13 seasons with the Chicago Bulls in the 1980s and 1990s, along with a brief comeback with the Washington Wizards in the early 2000s. Other NBA figures, including Kareem Abdul-Jabbar and Magic Johnson, are also occasionally floated in broader GOAT conversations, though Jordan and James remain the two most frequently debated candidates.
Trump’s decision to base his answer on personal friendship rather than on-court accomplishments marked a departure from how the debate is typically framed among basketball analysts and fans, drawing attention less for the substance of his pick and more for the accusation he leveled against James in the process.
Reaction and criticism
Trump’s remarks quickly circulated widely online, drawing criticism from commentators who noted the irony of Trump raising concerns about racism given his own history of controversial remarks touching on race, including past comments about African nations and immigrants that were widely condemned as racist, as well as his promotion of unfounded claims questioning the citizenship of former President Barack Obama, the nation’s first Black president. Critics argued that Trump’s comment reflected a pattern of dismissing critics or perceived opponents through personal attacks rather than substantive engagement.
No immediate response from James
As of Friday, James had not publicly responded to Trump’s comments. Representatives for James and the 76ers did not immediately address the remarks either. Given the two men’s history of public exchanges over the years, further response from James or his camp remains possible in the days ahead, though none had surfaced by the time Trump’s comments began circulating widely online.
For now, Trump’s remarks have added a political dimension to a debate that traditionally centers on basketball performance rather than personal relationships or political alignment. Whether James addresses the comments directly, following a pattern of past exchanges between the two, or lets the moment pass without response, remains to be seen as he prepares to begin his tenure with the 76ers this coming season.
Business
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Shein swings to quarterly loss ahead of Hong Kong IPO

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AT&T: 6.7% Yielding Debt Remains Very Attractive
AT&T: 6.7% Yielding Debt Remains Very Attractive
Business
14 penny stocks plunge up to 70% in 3 months. Are you affected? – Under Pressure
Over the past three months, 15 penny stocks have witnessed sharp corrections, with declines ranging from 25% to 70%. These underperformers were identified through a screen focusing on stocks with a market capitalisation below Rs 1,000 crore, a share price under Rs 20, and a minimum recent trading volume of 5 lakh shares. The screen highlights low-priced, relatively liquid penny stocks that have come under significant selling pressure during this period. (Data Source: ACE Equity)
Although penny stocks often attract investors with their low entry prices and potential for rapid gains, they come with substantial risks. Due to low liquidity, high volatility, and limited transparency, they are prone to manipulation and sudden price drops. Without a clear strategy and strong risk controls, investors may face more losses than gains.
Business
(PHOTO) Jessica Alba Turns Heads in Cheeky Bouguessa Micro Minidress During Stylish New York City Outing
Jessica Alba brought a bold, high-fashion moment to New York City this week, sharing images from a recent trip to the city on social media that showcased a carefully layered evening look built around a micro minidress from designer label Bouguessa.
A layered, high-fashion look
In the photos, Alba wore a strapless black micro minidress from Bouguessa, a design that cut straight across the bust and hugged her figure closely, with a hemline that sat high on her thighs. Rather than leaving the look as a simple little black dress, Alba layered a sheer black midi skirt from The Frankie Shop underneath the minidress, allowing the translucent fabric to peek out beneath the short hemline and add texture and movement to the overall silhouette. The combination created a style that blended a daring, cropped centerpiece with a more fluid, elongated layer beneath it, a pairing fashion outlets described as both sophisticated and unexpected.
Alba completed the outfit with black strappy thong heels from Favorite Daughter, a minimalist choice that elongated her legs and matched the sleek tone of the rest of the ensemble. She accessorized with fine gold chain necklaces and a delicate bracelet, adding subtle shine without overwhelming the outfit’s clean lines. For the accompanying photos, Alba wore her caramel-blonde hair styled straight, with soft, face-framing layers resting near her collarbone, paired with warm bronzed makeup and a nude lip for a polished, understated finish. Her caption referenced a memorable weekend spent in New York City, though she did not specify the occasion tied to the outing.
Part of a broader run of high-profile style moments
The New York appearance adds to a string of recent fashion moments for Alba, who has increasingly used social media to showcase her personal style outside of red carpet events. Fashion outlets have highlighted a series of standout looks from Alba in recent months, including a plunging, high-slit Aritzia dress and other figure-forward pieces that have drawn attention for blending bold silhouettes with polished styling.
A career built well beyond acting
While Alba remains widely known for her acting career, including roles in “Fantastic Four,” “Sin City” and “Honey,” her public profile in recent years has increasingly reflected her business background as well. Alba founded consumer goods company The Honest Company in 2012, building it into a major personal care and baby products brand before taking it public on the Nasdaq in 2021, a milestone that made her the youngest Latina to take a company public through an IPO. She served as the company’s chief creative officer for over a decade before stepping down from that leadership role, while remaining on Honest’s board of directors to continue providing strategic guidance.
Beyond Honest, Alba has built a broader career as an entrepreneur and public figure. She authored the New York Times bestseller “The Honest Life,” has served on the boards of Yahoo, the LA28 Olympic and Paralympic Games organizing committee, and children’s nonprofit Baby2Baby, and continues to appear in film and television projects, including co-hosting the Roku unscripted series “Honest Renovations,” which is heading into its fourth season. Earlier this year, Alba signed with talent agency CAA, adding to her existing representation, a move that reflected her continued active presence across both entertainment and business ventures.
Personal life developments
Alba’s public profile has also been shaped by personal changes over the past year and a half. She and her former husband, film producer Cash Warren, announced their separation in January 2025 after 16 years of marriage, and the couple has since finalized their divorce. Alba and Warren share three children: Honor, 17, Haven, 14, and Hayes, 8. Since the split, Alba has been in a relationship with actor Danny Ramirez, whom she began dating in July 2025. The couple has been seen publicly on several occasions since, including a romantic getaway that Alba shared with fans on social media.
A recognizable presence in entertainment and fashion
Alba’s willingness to experiment with bold, high-fashion styling has become a recurring theme in her public image in recent months, with outlets covering her looks framing them as evidence of her continued relevance in both the entertainment and fashion spaces, more than two decades into her career. Her latest New York City appearance, built around the Bouguessa minidress and layered Frankie Shop skirt, continues that pattern, offering fans another example of how she has blended her established Hollywood profile with an increasingly visible presence in contemporary fashion.
What’s next for Alba
With her business ventures continuing through her board roles and creative projects, her acting career still active, and her personal life drawing continued public interest following her divorce and new relationship, Alba remains one of the more consistently visible figures spanning entertainment, fashion and business. Her latest social media post from New York City adds to a growing archive of style moments that have kept her fashion choices, alongside her broader career, a regular subject of coverage this year.
Business
Mutual fund NFOs: 5 new funds will open for subscription this week. Check dates and key details
Five new funds will open for subscription this week. Fund houses introduce new schemes to complete their bouquet of existing offerings. Here is a detailed break-up (Source: ACE MF).
Business
9 in 10 US Adults May Already Be in Early Stages of This Heart-Kidney-Metabolic Syndrome, Experts Say
Nearly 90% of American adults may already be somewhere on the spectrum of a newly formalized health condition that links heart disease, kidney function and metabolic health, according to guidance released this year by the American Heart Association and several partner medical organizations. Doctors say growing recognition of the connection is changing how they screen for and treat some of the country’s leading causes of death.
A newly named, but long-suspected, connection
The condition, known as cardiovascular-kidney-metabolic syndrome, or CKM syndrome, describes how dysfunction in the heart, kidneys and metabolic system are interconnected rather than separate, unrelated health issues. For years, doctors treated conditions like heart disease, diabetes, obesity and kidney disease largely in isolation. That’s beginning to change, according to Dr. Andrew Pogozelski, a cardiologist with Allegheny Health Network, who said physicians increasingly recognize how tightly these systems are linked, even before serious symptoms appear.
The American Heart Association first introduced the concept of CKM syndrome roughly three years ago through a presidential advisory. This June, the AHA, the American College of Cardiology, the American Diabetes Association and the American Society of Nephrology jointly released the first-ever clinical practice guideline specifically addressing CKM syndrome, published simultaneously in the medical journals Circulation and the Journal of the American College of Cardiology. The guideline replaces and expands upon the AHA’s 2013 guidance on managing overweight and obesity in adults, reflecting how significantly the medical understanding of these interconnected conditions has evolved.
Nearly universal risk, according to new data
According to the new guideline, nearly 90% of U.S. adults have at least one CKM syndrome risk factor, which can include excess weight, high blood pressure, abnormal cholesterol or lipid levels, elevated blood sugar, or reduced kidney function. Obesity alone affects roughly 40% of American adults and 21% of children and adolescents, according to the guideline’s authors, underscoring how broadly these risk factors already extend across the population.
Pogozelski said one of the earliest and most telling warning signs tends to be visible well before a formal diagnosis. “Especially obesity kind of in the midsection where your waistline is increasing over time” is often the first indication someone may be heading down the CKM syndrome spectrum, he said, describing central weight gain as one of the clearest early markers physicians look for.
Four stages, from risk to disease
The guideline organizes CKM syndrome into four stages, beginning with Stage 1, which includes people who are overweight, obese or prediabetic but don’t yet have other metabolic risk factors, kidney disease or cardiovascular disease. Stage 2 includes people with one or more additional metabolic risk factors, such as high blood pressure, abnormal lipid levels, Type 2 diabetes or metabolic syndrome, and may include early kidney disease, still without diagnosed cardiovascular disease. Stage 3 applies to people with subclinical, or asymptomatic, cardiovascular disease combined with CKM risk factors, or those considered at very high risk for cardiovascular events or advanced kidney disease based on updated risk calculations. Stage 4 represents the most advanced stage, encompassing people already diagnosed with cardiovascular disease, such as coronary heart disease, heart failure, stroke, peripheral artery disease or atrial fibrillation, layered on top of obesity, other metabolic risk factors or kidney disease.
Pogozelski said the staging system is designed to capture people early, even when they have no outward symptoms. Risk factors, he explained, can build silently over years before eventually contributing to a heart attack, stroke or kidney failure, making early identification particularly valuable.
Higher stakes in western Pennsylvania
The condition carries particular relevance in western Pennsylvania, where mortality rates from heart disease in several counties already exceed national averages. Local doctors say the region’s elevated heart disease burden makes early screening for CKM risk factors especially important, given how closely those risk factors are now understood to be tied to kidney and metabolic health outcomes as well.
New tools for prevention and treatment
Beyond identifying and staging risk, the guideline introduces updated tools intended to help doctors act on that information more precisely. Chief among them are new risk calculations known as the PREVENT equations, which estimate a person’s 10- and 30-year risk of cardiovascular disease while factoring in kidney and metabolic health measures, offering a more comprehensive risk picture than previous tools that focused on cardiovascular risk alone. The guideline also recommends screening for social factors that can affect health outcomes, including food insecurity, housing instability and financial strain, reflecting a broader push to address the practical barriers that can prevent people from managing these interconnected conditions effectively.
On the treatment side, the guideline highlights a mix of lifestyle changes and newer medications. Pogozelski said that outside of medication, the most effective intervention remains straightforward. “The biggest thing you could do, short of medications, would be weight loss, exercise, eating a diet that’s kind of low in sugar, low in simple carbohydrates, more high in proteins and good fats, like a Mediterranean diet,” he said, describing the foundation of lifestyle-based prevention for people at any stage of the CKM spectrum.
Medications originally designed for diabetes gaining a broader role
The guideline also points to a shift in how certain medications are being used. Drug classes originally developed to manage diabetes, including GLP-1-based therapies and SGLT2 inhibitors, have shown benefits that extend beyond blood sugar control, improving cardiovascular outcomes and slowing kidney disease progression in some patients. That expanded role has pushed doctors across specialties to coordinate more closely when treating patients who may be managing multiple interconnected conditions simultaneously.
Fátima Rodriguez, an associate professor of cardiovascular medicine at Stanford Medicine and vice chair of the guideline’s writing committee, said the recommendations are built around a broader framework the AHA calls Life’s Essential 8, which includes regular physical activity, heart-healthy eating, maintaining a healthy weight, and managing blood pressure, blood sugar and cholesterol, along with avoiding tobacco and getting adequate sleep. “These actions reduce the risk of heart disease and also support kidney and metabolic health across the lifespan,” Rodriguez said.
What it means for patients
Because CKM syndrome staging begins well before a person develops diagnosed disease, doctors say the guideline is designed to give patients and physicians a shared framework for catching risk factors early and intervening before conditions progress to heart attacks, strokes or kidney failure. With risk factors so widespread across the adult population, physicians say routine screening, honest conversations about weight and lifestyle, and closer coordination between specialists are likely to become a more standard part of preventive care in the years ahead.
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