SK Group, the parent company of SK Hynix, the world’s second-largest memory chip manufacturer from South Korea, has announced ambitious investment plans with shareholders. Part of the investment will focus on supporting AI in the future. Specifically, SK Hynix has a plan to invest a whopping 103 trillion won (2.7 trillion baht) by 2028 for AI-related chip business.
Moreover, SK Group also has additional plans to invest in AI, totaling 80 trillion won, including profit-sharing with shareholders. This includes developments in High Bandwidth Memory (HBM) chips, data centers working on AI, and AI assistant services.
Chairman Chey Tae-won of SK Group stated in a press release that it is time to adjust plans and structures within the company. While details were not disclosed by SK Group, reports suggest there may be consolidation of various companies within the group for better alignment.
Source: Reuters
TLDR: SK Group and SK Hynix announce significant investments in AI-related chip businesses, with substantial financial commitments and restructuring plans within the company.
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