South Korea’s SK Hynix to invest RM352b by 2028 in AI, chips

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SK Hynix

SEOUL, June 30 — South Korea’s SK Hynix, the world no. 2 memory chip maker, will invest 103 trillion won (RM352 billion) through 2028 to strengthen its chips business, focusing...

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SK Group also said it plans to secure 80 trillion won by 2026 to invest in artificial intelligence and semiconductors as well as fund shareholder returns, while streamlining its more than 175 subsidiaries. SK Group said it sought to improve its competitiveness by focusing on its AI value chain, including high bandwidth memory chips, AI data centres and AI services such as personalised AI assistants.At a time of transition, a “preemptive and fundamental change is necessary,” SK Group Chairman Chey Tae-won was quoted as saying in the statement

Local media had said SK Innovation, which owns the county’s largest oil refiner and battery maker SK On, was expected to pursue a merger with profitable gas affiliate SK E&S.The group expects its profit before tax to reach around 22 trillion won this year, turning around from a loss last year, with the goal of hitting 40 trillion won in profit before tax by 2026.

Source: News Formal (newsformal.com)

SK Hynix

 

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