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The Latest Breaking News from SK Group

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

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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

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.

Euronews

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…

The Economic Times

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.

Tom’s Hardware

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

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

The Independent UK

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.

The Economic Times

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.

International Business Times UK

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…

The Economic Times

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.

Tom’s Hardware

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.

The Economic Times

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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.

The Economic Times

Nvidia CEO Jensen Huang to visit South Korea: source

The chief executive of the world's most valuable company is expected to meet with companies including SK Group, Hyundai Motor Group, LG Corp and Naver, to discuss so-called "physical AI" applications such as robotics, local media including the Chosun Daily and MBC reported.

TechRadar

'The current shortage could continue until 2030, so we expect more than a 20% shortage of the wafers': SK Group chairman issues bleak warning on RAM crisis

We've had previous forecasts that the RAM crisis will continue through to 2028 — but 2030 is upping the ante worryingly here.

Barchart

260,000 Reasons to Buy Nvidia Stock Now

Nvidia’s 260,000-chip deal with South Korea just gave investors another solid reason to double down on the AI chip giant.

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Barchart

Ahead of a ‘Beat and Raise’ Quarter, Should You Buy Nvidia Stock?

Wall Street bets on another Nvidia blowout, but rich valuations mean even a small miss could spark a sharp pullback.

Benzinga

Nvidia To Supply Over 260,000 AI Chips To South Korean Government, Samsung, Hyundai, SK Group

Nvidia Corporation (NASDAQ:NVDA) has announced a deal to supply more than 260,000 of its cutting-edge AI chips to the South Korean government and some of the country’s major corporations.

International Business Times

South Korean Pet Care Goes High-tech With AI Diagnostics

When five-year-old goldendoodle Mozzi started walking "unnaturally", his concerned owner rushed him to the vet in South Korea, where the problem was diagnosed not by humans but by AI. South Korea, a global leader in the production of chips that power generative AI, has been quick to embrace novel uses…

Tom’s Hardware

Nvidia's business model 'may fall apart' if corporations can't make AI pay, says SK Group boss

SK Group Chairperson Chey Tae-won says that Nvidia may lose its place among the top corporations globally if AI technologies fail to guarantee profits in a couple of years. However, Nvidia's competitors pose a bigger threat if they develop chips that could perform just as well but at a lesser…

Tom’s Hardware

SK hynix plans $74.6 billion investment to strengthen its memory chip business — hopes for AI business boost

SK hynix and its parent company wants to invest billions of dollars to focus on AI and semiconductor technologies.

The Independent UK

Georgia Gov. Brian Kemp journeys to South Korea in sixth overseas trip

Georgia Gov. Brian Kemp is on his way to South Korea in his sixth overseas trip as governor

InsideEVs

SK Signet Adds NACS Plug Option To All Of Its Chargers

SK Signet, one of the largest EV fast charger manufacturers, announced that the NACS charging connector option will be added to its entire line-up of chargers.

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