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…
Mr. Chey Tae-won, chairman of SK Group, will assume leadership of the board overseeing SK hynix's newly established U.S. AI investment entity, named HYAICO. This decision was disclosed in recent filings with the U.S. Securities and Exchange Commission (SEC). HYAICO, previously referred to as AI, was announced by SK hynix in January, with ambitions to invest a maximum of $10 billion.
The company's aim is to foster rapid progress in AI technologies globally and identify innovative avenues for AI-driven expansion. HYAICO will emerge from the reorganization of SK hynix's existing U.S. division, SK hynix NAND Product Solutions, which will persist under the Solidigm brand name. Apart from Mr. Chey, prominent figures from SK Group will also join HYAICO's board of directors. Additionally, SK hynix's President, Mr. Song Hyun-jong, will assume the role of CEO for HYAICO.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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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
