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SK Group chairman to chair board of SK
hynix's US AI arm
By Yonhap, The Korea Times - SK
Group Chairman Chey Tae-won will chair the board of HYAICO, the U.S.-based
artificial intelligence (AI) investment arm of SK hynix, according to documents
filed with the U.S. Securities and Exchange Commission (SEC).
The filing, made public
Wednesday local time, identified the company as HYAICO, formerly known by its
tentative name AI, which SK hynix announced in January with plans to invest up
to $10 billion.
SK hynix earlier said the new
arm would help "accelerate AI advancement in global markets" and
"find new AI growth engines."
The new arm will be launched
by restructuring SK hynix's existing U.S. arm, SK hynix NAND Product Solutions,
also known as Solidigm. The chipmaker will instead set up a separate subsidiary
called Solidigm to retain the brand name.
Other current and former SK
Group executives, meanwhile, will join Chey on HYAICO's board, and SK hynix
President Song Hyun-jong will serve as HYAICO's chief executive.
