SK Hynix will invest $75 billion in the development of AI chips: strategy and prospects
Date: 2024-07-02 Author: Henry Casey Categories: IN WORLD
SK Hynix, a leading South Korean chip manufacturer, plans to invest $74.6 billion in developing AI technologies and strengthening its position in the market, Commercial Times reports. These investments are aimed at the period until 2028.
Ambitious financial plans
During a two-day strategic meeting, SK Hynix representatives announced ambitious development plans. The company plans to raise $57.5 billion over the next two years to fund semiconductor development, artificial intelligence and pay dividends.
The main focus will be on the following areas:
1. Data centers are the key infrastructure for cloud computing.
2. Voice assistants with artificial intelligence - technologies of the future for everyday use.
3. High Bandwidth Memory (HBM) - innovative chips for data acceleration.
4. Chips for generative AI - technologies that change approaches to artificial intelligence.
Key partnership deal and revenue
SK Hynix, as the exclusive supplier of HBM3 chips to Nvidia, doubled its revenue in the first quarter of 2024 thanks to these products. This underscores their importance in the technology market.
As part of its overall strategy, SK Group plans to optimize the operations of its 175 subsidiaries to improve their profitability and profitability.
SK Hynix's investment in AI technology will not only strengthen its leadership position in the market, but also contribute to the innovative development of the industry, responding to the growing demand for high-tech solutions in the field of semiconductors and artificial intelligence.
