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The Economic Times
The Economic Times
Technology

SK Hynix flooded with unprecedented offers from big tech firms to secure chip supplies

SK Hynix is being aggressively courted by big global tech firms with offers to invest in its new production lines and ​fund purchases of pricey manufacturing tools as they rush to secure ​memory chips, people familiar with the matter said.

The offers, unprecedented in the global memory chip industry, underscore the severity of the component's ​scarcity around the world, as chipmakers struggle to keep pace with surging demand amid an artificial intelligence boom. Memory chips are critical parts in AI data centers, smartphones, PCs and other areas.

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