SK Hynix Announces $74.6 Billion Investment in AI Chip Technologies
SK Hynix, the second-largest chipmaker in South Korea after Samsung, is embarking on a significant investment journey totaling $74.6 billion over the next three years.
This initiative is aimed at advancing AI-focused memory chip technologies, positioning SK Hynix strategically amidst intensifying global competition in the semiconductor industry.
SK Group, the parent company, plans to bolster this effort with an additional $57.8 billion by 2026, reflecting its commitment to driving innovation and recovering from recent financial setbacks.
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This ambitious investment strategy not only aims to enhance SK Hynix’s market position but also aligns with broader goals of operational efficiency by consolidating its expansive portfolio of subsidiaries.
Amid a global shortage of AI-capable chips, SK Group anticipates substantial profit growth, projecting earnings to rise from $16 billion in 2024 to nearly $30 billion by the end of 2025.
Alexander Stefanov
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