SK Hynix Announces $75 Billion Investment in Chip Technology by 2028

SK Hynix Inc., part of South Korea's SK Group, plans to invest approximately $74.8 billion in the chip sector by 2028, demonstrating a strategic focus on the semiconductor industry for long-term growth.

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About 80% of the investment will target high-bandwidth memory chips, optimized for use with Nvidia’s AI accelerators, reflecting SK Hynix's commitment to advancing AI technology.

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SK Telecom Co. and SK Broadband Co., also part of SK Group, will contribute 3.4 trillion won to enhance their data center businesses, supporting the group’s broader strategy in AI and data infrastructure.

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Following extensive strategy meetings led by SK Group Chairman Chey Tae-won, which included around 20 executives over two days and 20 hours, the group discussed overhauling its diverse operations including energy, chemicals, and batteries.

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Amid personal financial pressures, including a $1 billion divorce settlement for Chairman Chey, SK Group aims to generate 80 trillion won from operations and restructuring by 2026

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Despite a 10 trillion won loss last year, SK Group projects a pretax profit of 22 trillion won this year, targeting an increase to 40 trillion won by 2026.

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SK Hynix has made significant investments, including $3.87 billion for an advanced packaging plant and AI research center in Indiana

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These investments are part of SK Hynix’s strategy to strengthen its global market position and drive innovation in AI technology.

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