By 2028, South Korean chipmaker SK Hynix will invest 103 trillion won ($74.6 billion) to strengthen its chip development business with an emphasis on AI. This is reported by Reuters with reference to the statement of the parent company SK Group.
The holding also plans to raise 80 trillion won ($57.6 billion) by 2026 for investments in artificial intelligence, semiconductors and for payments to shareholders.
The company outlined plans following a two-day strategic meeting held after losses were incurred by SK Hynix and the electric vehicle battery division. It is planned, among other things, to reduce subsidiaries from the current "more than 175" to a "manageable range".
"Proactive and fundamental changes are needed during the transition period," said Choi Tae-won, chairman of the group.
SK Hynix is the second largest manufacturer of memory chips in the world and the main source of income for SK Group. The South Korean giant is aiming to increase competitiveness by focusing on the AI sector, including high-bandwidth memory chips, data centers and personalized assistants.
Recall that in June Samsung introduced a number of upcoming improvements in manufacturing technologies aimed at attracting the creators of AI chips.
Earlier, two South Korean startups for the production of chips for artificial intelligence, Rebellions and Sapeon, announced a merger.