Memory supplier SK hynix, with a 35% market share in the DRAM market, has announced plans to invest $74. 6 billion over the next three years to strengthen its position in the memory business and focus on AI technologies. This investment is in addition to the ongoing construction of its $90 billion 'mega fab complex' in Gyeonggi Province. In addition to SK hynix's investment, its parent company SK Group aims to spend $58 billion on artificial intelligence and semiconductors to enhance its competitiveness in the AI value chain. SK Group also plans to allocate some of this investment to streamline operations and provide returns to shareholders among its 175 subsidiaries. These strategic decisions were made after a two-day session involving top executives from SK Group and its affiliates. Options such as mergers and divestments are being considered, but specific details about affected affiliates have not yet been disclosed. SK hynix's move into AI reflects the changing business environment and its pursuit of opportunities in the booming AI industry.

In line with this, the company has introduced its first PCIe 5. 0 SSD and teased a 300 TB SSD designed for data centers and on-device AI applications. The substantial investments from SK Group are expected to support the local semiconductor industry, as Seoul has unveiled a $19 billion support package for this sector. These investments align with similar initiatives in the US and China, demonstrating the global focus on chip development and production. The focus on AI technologies by SK Group is expected to benefit customers through the delivery of high-performance memory chips.