Memory supplier SK hynix, which commands 35% of the DRAM market, plans to invest 103 trillion won, or $74.6 billion over the next three years to further strengthen its grip on the memory business, while focusing more on AI technologies. This investment is on top of the company’s $90 billion ‘mega fab complex’ currently under construction in Gyeonggi Province.
Aside from this massive amount, Reuters also reported that SK Group, SK hynix's parent company, also aims to spend $58 billion on top of its $75 billion budget. It plans to use this for artificial intelligence and semiconductors, so it can "improve its competitiveness by focusing on its AI value chain." SK Group also said that it will use part of that investment to fund shareholder returns and streamline the operations of its 175 subsidiaries.
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