TECH - Nvidia Supplier's Parent Company Pledges $56B Investment In AI Chip Tech By 2026 As Competition From Samsung Micron Heats Up | Benzinga
South Korea’s SK Group, the parent company of Nvidia‘s chip supplier SK Hynix, has announced plans to amass 80 trillion won ($56 billion) by 2026. The funds will be primarily directed towards investments in artificial intelligence (AI) and semiconductors.
What Happened: The company’s top brass agreed during a weekend meeting that the funds, secured through improved profitability, business structure optimization, and synergy creation, would be invested in high-bandwidth memory (HBM) chips, data centers, and personalized AI assistant services. The strategy is designed to bolster its supply chains for emerging technology, Nikkei Asia reported on Monday.
The group’s chipmaking unit, SK Hynix, is projected to control over half the global market for HBM this year. The unit supplies nearly ...