SK Hynix Plans to Invest $75 Billion on Chips Through 2028
- About 80%, or $60 billion, will be spent on HBM chips
- Plan underscores overhaul at S. Korea’s No. 2 business group
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SK Hynix Inc., the semiconductor arm of SK Group, plans to invest 103 trillion won ($74.8 billion) through 2028, underscoring the conglomerate’s bet on a sector it considers crucial for future-proofing its businesses.
About 80%, or 82 trillion won, will be allocated to investing in high-bandwidth memory chips, SK Group said in a statement on Sunday. SK Hynix’s HBM chips are optimized for use with Nvidia Corp.’s artificial intelligence accelerators. As part of its bet on AI, SK Telecom Co. and SK Broadband Co. will invest 3.4 trillion won on their data center business.