Chip cooperation with Samsung expands

The nation's top economic regulator signed an MoU with South Korea's tech behemoth Samsung Electronics Co Ltd for further cooperation, a month after it spoke to the company on chip price surge causing the government particular concern.

The memorandum of understanding signed on Friday focused on possible cooperation in chip making, artificial intelligence and semiconductor manufacturing, but has nothing to do with the price rises of storage chips, said an official with the National Development and Reform Commission.

Samsung's agreement with the Department of High-tech Industry will be positive for the industry, the official said.