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The Latest Breaking News from SK Group

Nvidia Shares Slide as $750 Billion AI Deal Push Triggers Circular Financing Alarm

Nvidia shares fell as investors examined AI infrastructure financing plans and concerns over links between suppliers and customers.

International Business Times UK

Nvidia Sparks Systemic Shock Panic as $750 Billion Deals Deepen Controversial AI Debt Web

Nvidia's $750BN-plus AI deals with SK Group, OpenAI and Naver deepen a risky web of vendor financing and debt, fuelling systemic shock fears even as Jensen Huang brushes off 'circular' claims.

International Business Times UK

South Korea's 'Divorce of the Century' Could Have Cost $940M: SK Billionaire Now Owes His Ex-Wife $644M

South Korea's landmark divorce case involving SK Group Chairman Chey Tae-won has him ordered to pay $644M to his ex-wife. The legal battle raises questions for one of the country's largest conglomerates.

International Business Times UK

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Billionaire Who Left His Wife For A Younger Woman Ordered To Pay Her Insane Amount In The ‘Divorce Of The Century’

A South Korean billionaire was ordered to pay his ex-wife $645 million after a years-long divorce battle.

Bored Panda

Nvidia and SK Group enter $500 billion AI partnership — plan to supercharge AI infrastructure with next-gen memory and massive AI factories

Nvidia and SK Group enter $500 billion strategic partnership focused on long-term memory supply, 2 GW AI data center, and future AI infrastructure

Tom’s Hardware

South Korea's SK Hynix, Samsung Electronics sign $950 billion partnership with US big tech

The partnership includes the long-term supply of $750 billion in memory chips to US companies by SK Hynix ‌and $200 billion in chips by Samsung Electronics ⁠to Broadcom, the presidential adviser, Kim Yong-beom, said at a briefing.

The Economic Times

South Korea President Lee looking to open new era of AI in with global tech companies

President Lee delivered a keynote address unveiling a "San Francisco AI Declaration" that outlined South Korea's AI ambitions and its vision for technological cooperation with the United States. Lee separately met Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei and Broadcom CEO Hock Tan, before joining…

The Economic Times

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SK Group chairman Chey Tae-won ordered to pay ex-wife Roh Soh-yeong $644 million in divorce settlement, court upholds claim over marital assets

A South Korean appeals court on Friday ordered SK Group Chairman Chey Tae-won to pay his former wife, Roh Soh-yeong, 944 billion won (about $644 million) in cash as part of their long-running divorce property settlement, while reaffirming that Chey's SK shares formed part of the couple's marital assets.

The Times of India

Billionaire businessman ordered to pay ex-wife £480 million in ‘divorce of the century’

SK Group Chairman Chey Tae-won filed for divorce after revealing he was in a relationship with another woman and had a child with her

The Independent UK

South Korea's 'Divorce of the Century': Why SK Group chairman's divorce bill fell from $940 million to $644 million

A South Korean court ordered an AI chip-manufacturing tycoon on Friday to make a trimmed-down $644 million divorce payment to his former wife. The Supreme Court had already separately ordered Chey to make an alimony payment to Roh of 2 billion won. cdl-sjh/jts/djw

The Economic Times

AI memory shortage threatens to trigger geopolitical strain, warns SK Group chief

SK Group Chairman Chey Tae-won warned that the global shortage of artificial intelligence memory chips could escalate into a geopolitical issue, predicting that memory demand will far outpace supply through 2027 despite aggressive capacity expansion efforts.

The Economic Times

Memory chip boss admits RAM prices are 'abnormally high' — SK Group chairman considering building a semiconductor plant in the US to expand supply, calm ‘chipflation’

SK Group Chairman Chey Tae-won said that prices for memory chips are "abnormally high" and that the industry must take steps to increase production and reduce prices. If it fails to do that, new entrants could challenge the incumbent leaders and make the market much more competitive, especially once demand…

Tom’s Hardware

How SK Hynix just pulled off the second-largest U.S. share sale by quietly powering the AI boom

With a $26.5 billion Nasdaq debut, the South Korean manufacturer caps off a long, strange path from memory-chip also-ran to AI powerhouse

Fortune

South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

South Korean billionaire Chey Tae-won's bold acquisition of SK Hynix has paid off significantly. The company became a major AI chip producer after betting on niche technology. SK Hynix's strategic investment in high-bandwidth memory chips proved highly successful. However, concerns about slowing AI spending and potential oversupply are now emerging.…

The Economic Times

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Euronews

SK hynix: From near-collapse to a $1 trillion valuation and a Nasdaq listing

SK hynix, the South Korean chipmaker whose memory chips power AI data centres around the world, lists on the Nasdaq this week in one of the largest share sales in history, capping a journey from near-bankruptcy to a trillion-dollar valuation.

The Economic Times

Near-ruin to riches: The story of chip giant SK hynix

South Korean chipmaker SK hynix faced significant financial challenges after its founding in 1949. SK Group's 2012 buyout and focus on HBM chips fueled its resurgence. Today, SK hynix is a trillion-dollar tech firm benefiting from the AI boom. Its US listing aims to achieve higher valuations compared to its…

Tom’s Hardware

South Korea unveils $520 billion investment plan with Samsung and SK Hynix to expand memory chip dominance — plan includes four new fabs and HBM facilities, amid strong government support

President Lee unveiled an 800 trillion won ($520B) public-private plan for four new Samsung and SK Hynix fabs, dwarfing the US CHIPS Act tenfold.

The Independent UK

South Korea announces $1 trillion semiconductor and AI ‘megaprojects’ plan

Samsung stocks drop by four per cent despite major AI and semiconductor investment

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The Economic Times

How SK Hynix's bet on a niche memory chip made it more valuable than Samsung

SK Hynix has risen to claim the title of South Korea's most valuable company, a testament to its visionary 14-year investment in high-bandwidth memory (HBM) chips. Initially viewed with doubt, this strategic pivot to a niche segment, particularly serving Nvidia's AI accelerators, has firmly established SK Hynix as a leader…

The Economic Times

Global Market: How SK Hynix's AI bet helped it eclipse Samsung in market value

SK Hynix’s rise to South Korea’s most valuable listed company reflects a long-term bet on HBM chips that became central to the AI boom. Backed by early investment and Nvidia demand, the company transformed from a struggling memory maker into a global semiconductor leader.

International Business Times UK

What Is SK Hynix? The Little-Known Tech Giant That Just Knocked Samsung Off Its Throne

SK Hynix has overtaken Samsung to become South Korea's most valuable company, driven by its dominance in AI memory chips, marking a huge shift in the semiconductor industry.

The Economic Times

SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix has surged past Samsung Electronics to become South Korea's most valuable company, driven by its dominance in high-bandwidth memory (HBM) chips crucial for AI systems. This remarkable turnaround, from near collapse two decades ago to a market leader, highlights the transformative impact of the AI boom on the…

Tom’s Hardware

SK Telecom named as the Korean carrier at the center of Anthropic's Mythos export controls controversy — access was revoked days before White House took Mythos and Fable 5 offline for all foreign nationals

Wired has identified SK Telecom as the South Korean telecom company whose access to Anthropic's Claude Mythos model the White House ordered revoked over alleged ties to China.

The Economic Times

Nvidia clinches deals with South Korean giants include SK Group to advance AI boom

Speaking to reporters in Seoul, Huang's remarks underscored Nvidia's continued cooperation with SK Hynix, ‌a leading supplier of high-bandwidth memory (HBM) chips used ⁠in AI servers.

Tom’s Hardware

SK hynix to double memory wafer capacity within five years, chairman says — AI-driven shortage will persist until at least 2030

SK hynix will double its memory wafer capacity within five years, SK Group chairman Chey Tae-won told reporters at Computex in Taipei on June 2nd.

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