SK Hynix, a member of chaebol giant SK Group, the second largest chipmaker in South Korea after Samsung, will invest $74.6 billion over the next three years to develop memory chip technologies focusing on artificial intelligence (AI).

Parent company SK Group will also seek to raise an additional $57.8 billion to continue funding its AI efforts by 2026, according to a report from Reuters.

Are AI and chips the way to help companies lose money?

According to the report, SK Group has “suffered heavy losses” recently through both Hyinx and its electric vehicle battery manufacturing subsidiary. Large investments, if further raised, would total nearly $133 billion, SK Hynix alone only has a market capitalization of about $118 billion as of the time this article was published.

It's clear SK Group sees spending and a heightened focus on developing artificial intelligence technologies as a path to recovering reported losses and bolstering the company's financial future.

The shift towards AI will also allow the group to streamline its operations. SK Group plans to reduce the number of subsidiaries from the current number of "more than 175" to a level more consistent with the group's current goals and ambitions.

Fierce competition

The world of enterprise-level artificial intelligence is very competitive with large tech companies like Google, Microsoft and Nvidia accounting for the majority of sales. But the semiconductor market is much more competitive.

As Microsoft, Nvidia and Apple continue to compete for the position of the world's most valuable company, the chip manufacturing market expands far beyond Silicon Valley.

As more tech companies enter the AI ​​space and major tech companies continue to push the envelope, demand for chips (especially those capable of training AI systems) has skyrocketed and leading to a global shortage.

SK Group reportedly believes that its current investment strategy will increase profits from an expected $16 billion in 2024 to nearly $30 billion by the end of 2025.


Source: https://tapchibitcoin.io/nha-san-xuat-chip-lon-thu-hai-cua-han-quoc-sk-hynix-dau-tu-75-ty-usd-vao-ai-den- nam-2028.html