SK hynix Sets Up New AI Solutions Firm in the U.S. to Lead Innovation

SK hynix Launches New AI Solutions Firm: AI Company

Seoul, South Korea – In a bold move to strengthen its foothold in the rapidly evolving AI landscape, SK hynix Inc. has declared plans to establish a new AI-focused firm, tentatively named AI Company or AI Co., in the United States. This innovative initiative aims to not only propel SK hynix into a leadership position within the AI sector but also serve as a vital partner in the AI data center ecosystem.

The formation of AI Co. represents a strategic effort to harness SK hynix's cutting-edge chip technologies, particularly in High Bandwidth Memory (HBM), thereby enabling the delivery of highly optimized AI systems for a growing customer base within the AI data center market. As demand surges for advanced AI solutions, high-end memory chips have become crucial to resolving performance issues that frequently arise in AI data solutions.

Strategic Investments and Collaborations
To solidify its competitive edge, SK hynix is committed to making substantial strategic investments and fostering collaborations with pioneering AI firms. This focus will enhance its memory chip offerings while providing diverse AI data center solutions that meet the evolving needs of the tech industry.

The AI market is currently characterized by fierce competition among major tech players, all racing to innovate and secure an advantage. As such, securing a strong presence in the U.S. market is seen as essential for SK hynix, allowing it to tap into one of the largest hubs for AI development globally.

Restructuring Plans
To facilitate the establishment of AI Co., SK hynix will reorganize its operations in California, specifically at Solidigm (formerly SK hynix NAND Product Solutions Corp.). As part of this restructuring, Solidigm will transition to a new subsidiary named Solidigm Inc., which will continue its existing operations while AI Co. becomes the dedicated entity for pursuing AI-related initiatives. The official name of AI Co. is set to be revealed later in the year.

Financial Commitment to AI Initiatives
SK hynix has committed a daunting USD 10 billion to this new venture, ensuring that AI Co. has ample resources to execute its vision and strategy effectively. The funding will be utilized in a capital-call format, providing flexibility as the company engages in critical projects and partnerships.

"The establishment of AI Co. is a proactive step to maximize opportunities as we enter this new AI era," said an SK hynix spokesperson. The firm plans to maintain close cooperation with global partners while focusing on generating value for its clients.

About SK hynix
SK hynix Inc. has established itself as a premier global semiconductor supplier, specializing in Dynamic Random Access Memory (DRAM) and NAND flash chips. With a prominent market presence, its shares are traded on the Korea Exchange, while global depository shares are listed on the Luxembourg Stock Exchange. More information about SK hynix and its product offerings can be found on the official website, www.skhynix.com.

In conclusion, with the launch of AI Co., SK hynix aims to position itself at the forefront of the AI revolution, catalyzing innovation and growth within the tech industry, particularly in AI data centers.