What is SK Hynix considering regarding AI?

SK Hynix is considering establishing a dedicated unit for artificial intelligence investments.

Where might the new AI investment unit be located?

The potential new AI investment unit is reportedly being considered for establishment in the United States.

How much in assets could the new SK Hynix AI unit manage?

The proposed U.S. subsidiary could be in charge of managing approximately 10 trillion won worth of AI-related assets.

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SK Hynix Considers AI Investment Unit

28 Jan

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Summary

SK Hynix is exploring a new unit for AI investments.
The proposed unit may be established in the United States.
It could manage approximately 10 trillion won in assets.

SK Hynix, a prominent South Korean chip manufacturer and a key supplier of advanced AI chips, is currently contemplating the formation of a specialized unit focused on artificial intelligence investments. This consideration follows a media report suggesting the establishment of such an entity in the United States.

The potential new subsidiary in the U.S. would reportedly oversee a substantial portfolio of AI-related assets. These assets, valued at approximately 10 trillion Korean won (which converts to $6.92 billion), are held overseas by various affiliates within the SK Group.

This strategic exploration indicates SK Hynix's proactive approach to capturing opportunities within the dynamic and expanding field of artificial intelligence. The company is evaluating various measures as it considers this significant expansion.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.