SK Group chairman to chair board of SK hynix's US AI arm
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…
SK Group Chairman Chey Tae-won has been appointed to serve as the chairman of the board of SK hynix's U.S. artificial intelligence (AI) investment company, HYAICO. This information was disclosed in documents filed with the U.S. Securities and Exchange Commission (SEC) on Wednesday. HYAICO, formerly known as AI, was announced by SK hynix in January with plans to invest up to $10 billion in the company.
The purpose of the investment is to accelerate AI advancements in global markets and identify new AI growth engines. HYAICO will be launched through the restructuring of SK hynix's existing U.S. subsidiary, SK hynix NAND Product Solutions, which will be renamed Solidigm to retain its brand name. Other key executives from SK Group, along with SK hynix President Song Hyun-jong, will also join Chey Tae-won on the board of HYAICO.
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- SK Group chairman to chair board of SK hynix's U.S. AI arm en.yna.co.kr
- SK Group chairman to chair board of SK hynix's US AI arm koreatimes.co.kr
