SK Hynix, a South Korean corporation, has announced grand investments in the development of artificial intelligence and semiconductor technologies. By 2028, the company plans to invest a substantial 103 trillion won (approximately 74.6 billion US dollars) to strengthen its business, focusing on cutting-edge developments in AI. This announcement was made based on information published by Reuters citing a statement from the parent company SK Group.
Plans and Investments
In addition, the SK Group holding plans to raise 80 trillion won (about 57.6 billion dollars) by 2026. These funds will be directed not only towards further investments in artificial intelligence and semiconductors, but also towards paying dividends to shareholders. These steps reflect SK Hynix’s ambitious intentions to strengthen its position in the global high-tech market and adapt to rapidly changing industry requirements.
Strategic Changes
These plans were voiced following a two-day strategic meeting held after SK Hynix suffered losses in its divisions, including the production of batteries for electric vehicles. As part of the strategy, it is planned to reduce the number of subsidiary companies from the current over 175 to a more manageable number, which will help improve coordination and efficiency within the holding.
Competition and Developments
Chairman of the group, Chey Tae-won, emphasized the need for proactive and fundamental changes in the transition period. SK Hynix, the world’s second-largest memory chip producer, is focused on enhancing its competitiveness, especially in the AI sector. The recent merger of South Korean AI startups and Apple’s advancements in AI technology all signal a rapidly evolving market.
Apple’s Developments
Recently, Apple has been actively working on integrating AI into its products, including the Vision Pro mixed reality headset. Bloomberg reports indicate the challenges Apple faces, such as developing a user interface for the mixed reality environment and the significant resources required for AI integration. Despite these challenges, Apple continues to push forward with its AI initiatives, with plans for further integration in upcoming devices.
Regulatory Concerns
Regulatory concerns and security issues remain a priority for companies like Apple, with Elon Musk expressing reservations and threats to ban the use of Apple devices in his companies. As technology continues to advance, navigating the complex landscape of regulations and integration of new technologies will be crucial for companies operating at the international level.
