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SK Hynix Plans to Invest $75 Billion on Chips Through 2028

Jun 30, 2024 - news.bensbites.com
SK Hynix Inc., the semiconductor division of SK Group, intends to invest 103 trillion won ($74.8 billion) by 2028, highlighting the group's focus on a sector it deems vital for future-proofing its operations. Approximately 80% of this investment, equivalent to 82 trillion won, will be directed towards the development of high-bandwidth memory chips, which are optimized for use with Nvidia Corp.'s artificial intelligence accelerators.

In addition, SK Telecom Co. and SK Broadband Co., as part of their commitment to AI, will invest 3.4 trillion won in their data center businesses. This move signifies the conglomerate's strategic investment in artificial intelligence and related technologies, positioning it for future growth and competitiveness in the tech industry.

Key takeaways:

  • SK Hynix Inc., the semiconductor arm of SK Group, plans to invest 103 trillion won ($74.8 billion) through 2028 in the semiconductor sector.
  • About 80% of the investment, or 82 trillion won, will be allocated to investing in high-bandwidth memory chips.
  • SK Hynix’s HBM chips are optimized for use with Nvidia Corp.’s artificial intelligence accelerators.
  • SK Telecom Co. and SK Broadband Co. will invest 3.4 trillion won on their data center business as part of their bet on AI.
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