(Corrects to say SK Hynix is considering, not planning, in paragraph 1) SEOUL, Jan 27 (Reuters) – SK Hynix is considering establishing a unit focusing on artificial intelligence investment, the company said on Tuesday, after a media report that it will be set up in the United States. SK Hynix, a South Korean chipmaker and […]
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SK Hynix plans to set up US unit for AI investment, media reports
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(Corrects to say SK Hynix is considering, not planning, in paragraph 1)
SEOUL, Jan 27 (Reuters) – SK Hynix is considering establishing a unit focusing on artificial intelligence investment, the company said on Tuesday, after a media report that it will be set up in the United States.
SK Hynix, a South Korean chipmaker and major supplier of advanced AI chips to Nvidia, said in a regulatory filing that various measures were under consideration, including establishing a subsidiary for AI investment, after the report.
The Maeil Business newspaper reported earlier that SK Hynix will establish a U.S. subsidiary and it will be in charge of managing a total of 10 trillion won ($6.92 billion) worth of AI-related assets held overseas by affiliates of SK Group, including their stakes in U.S. nuclear energy firm TerraPower.
($1 = 1,444.4800 won)
(Reporting by Hyunjoo Jin and Jihoon Lee, Editing by Louise Heavens)