SK Group chairman to chair board of SK hynix's U.S. AI arm

SK Group Chairman Chey Tae-won will chair the board of HYAICO Corp., the U.S.-based AI investment arm of SK hynix Inc., according to a filing with the U.S. Securities and Exchange Commission (SEC). The company, formerly known as AI Co., was announced by SK hynix in January with plans to invest up to US$10 billion. The new arm aims to accelerate AI advancement in global markets and find new AI growth engines.

HYAICO will be launched by restructuring SK hynix's existing U.S. arm, SK hynix NAND Product Solutions Corp., now set to become a separate subsidiary called Solidigm Inc. Other current and former SK Group executives will join Chey on HYAICO's board, with SK hynix President Song Hyun-jong serving as the company's chief executive.

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