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SK Hynix to Invest $75 Billion by 2028 in Memory Solutions for AI
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SK Hynix to Invest $75 Billion by 2028 in Memory Solutions for AI
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1st July 2024, 12:50
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| [M] Reviewer  Join Date: May 2010 Location: Romania
Posts: 152,436
 |  SK Hynix to Invest $75 Billion by 2028 in Memory Solutions for AI South Korean giant SK Group has unveiled plans for substantial investments in AI and semiconductor technologies worth almost $75 billion. SK Group subsidiary, SK Hynix, will lead this initiative with a staggering 103 trillion won ($74.6 billion) investment over the next three years, with plans to realize the investment by 2028. This commitment is in addition to the ongoing construction of a $90 billion mega fab complex in Gyeonggi Province for cutting-edge memory production. SK Group has further pledged an additional $58 billion, bringing the total investment to a whopping $133 billion. This capital infusion aims to enhance the group's competitiveness in the AI value chain while funding operations across its 175 subsidiaries, including SK Hynix. https://www.techpowerup.com/324024/s...lutions-for-ai |
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