Reported 12 months ago
SK Hynix, South Korea's second-largest memory chip maker, plans to invest 103 trillion won ($74.6 billion) by 2028 to enhance its chips business, with a focus on AI. Parent company SK Group also aims to secure 80 trillion won by 2026 to invest in AI, semiconductors, and shareholder returns, while streamlining its subsidiaries. The conglomerate's strategy meeting outlined a goal to strengthen competitiveness in AI, specifically high bandwidth memory chips, AI data centers, and AI services. SK Group seeks to reach a profit before tax of 22 trillion won this year and 40 trillion won by 2026, aligning with South Korea's effort to boost its semiconductor industry with a $19 billion support package earlier this year.
Source: YAHOO