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Deep & Emerging Tech·September 14, 2026·1 min read

Samsung, SK Hynix Reject Kepco’s Power Grid Prepayment Plan

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Kepco’s failed attempt to get Samsung and SK Hynix to pre-fund new grids shows utilities are trying to shift AI-era infra risk onto chipmakers—and the biggest buyers are pushing back. Expect slower, more negotiated power buildouts for tech clusters, which should feed into more conservative timelines for new fabs and hyperscale sites.

Deep & Emerging Tech

Document: Samsung and SK Hynix rejected KEPCO's proposal to prepay ~$18.7B of chip cluster power bills, citing uncertainty over long-term chip demand

Top memory makers refusing to prepay ~$18.7B for power infrastructure is a reminder that even with AI demand, long-horizon chip capex is not a straight line. If your roadmap assumes infinite cheap power for fabs and AI clusters, start stress-testing for delayed grid buildouts and more conservative utility financing structures.