SK hynix to establish U.S. arm specialized in AI solutions

Core Insights - SK hynix aims to establish a key presence in the AI data center ecosystem through the creation of an AI solutions firm, tentatively named AI Company (AI Co.) [1][4] - The company plans to invest USD 10 billion into AI Co. to capitalize on emerging opportunities in the AI sector [5] Group 1: Company Strategy - AI Co. will serve as the hub for SK Group's AI strategies, focusing on accelerating AI advancements in global markets, particularly in the US and South Korea [1] - The company intends to leverage its advanced chip technologies, such as High Bandwidth Memory (HBM), to deliver optimized AI systems for customers in the AI data center sector [2] - SK hynix is considering strategic investments and partnerships with innovative companies in the US to create synergies with SK Group affiliates [3] Group 2: Business Structure - AI Co. will be established through the restructuring of Solidigm, SK hynix's California-based SSD manufacturing subsidiary, which will maintain its entity under the new name while transferring operations to a new subsidiary [4] - The corporate name of AI Co. will be officially announced later this year [4] Group 3: Market Context - The global competition among big tech companies for dominance in the AI sector is intensifying, with significant investments being made to enhance innovation [2] - High-end memory chips are essential for overcoming performance bottlenecks in AI data solutions, positioning SK hynix as a leader in the memory chip market [2]