SK Hynix Plans $75 Billion Investment in AI and Chips by 2028

SK Hynix, the world's second-largest memory chip maker, is set to embark on a significant investment initiative totaling $74.6 billion by 2028.

• Investment Overview: SK Hynix aims to invest 103 trillion won ($74.6 billion) by 2028, focusing on bolstering its chips business, with a strong emphasis on AI technologies.

• Strategic Objectives: Key focus areas include enhancing competitiveness in high bandwidth memory (HBM) chips, AI data centers, and personalized AI services.

• Financial Projections: The group targets a profit of approximately 22 trillion won this year, with ambitions to achieve 40 trillion won by 2026.

• Government Support: South Korea announced a support package of 26 trillion won ($19 billion) earlier this year aimed at strengthening its chip sector amid global competition.

SK Hynix's significant investment reaffirms its commitment to leading in AI and semiconductor industries, aligning with national strategies for global semiconductor competitiveness.