Altman Meets About 50 Samsung Executives in Yongin, No Memory Deal Announced
Samsung said the talks covered AI technology direction and new business opportunities, but no new memory supply agreement was announced.
OpenAI CEO Sam Altman met with about 50 senior Samsung executives at the company's Resources Development Center in Yongin, South Korea, on Saturday, October 30, according to tomshardware.com. No new memory supply agreement was announced from the meeting.
Samsung said the talks covered strengthening ties between the two companies, the direction of AI technology and potential applications, and new markets and business opportunities. The executives who attended came from Samsung's financial, electronics and biotechnology businesses.
Altman reportedly gave the head of Samsung's AI Center a Codex Micro Keyboard, a device designed for use with OpenAI's coding agent.
Memory supply in focus
In October 2025, OpenAI and Samsung signed a letter of intent to cooperate on global AI infrastructure, including memory semiconductors for OpenAI's Stargate project. The meeting came as memory makers face tight supply: TrendForce estimates DRAM supply will fall 1% to 2% short of demand this year, with the imbalance expected to worsen in 2027, and Micron recently warned the shortage could persist into 2028.
According to Counterpoint Research, Samsung and SK hynix held about 63% of global DRAM revenue in the second quarter of 2026 and roughly 83% of global HBM revenue. AMD CEO Lisa Su visited South Korea earlier this month to discuss securing additional HBM supplies from Samsung.
Quick answers
Did OpenAI and Samsung sign a memory supply deal at the meeting?
No. Samsung did not announce a new memory supply agreement from the meeting on October 30.
Where did Sam Altman meet Samsung executives?
At Samsung's Resources Development Center in Yongin, South Korea, with about 50 senior Samsung executives.