Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Chey Taewon

SK Hynix is a golden goose. It has to lay more eggs

Investor enthusiasm stems from the fact that SK Hynix has morphed into a golden goose. It’s the world’s second-largest supplier of dynamic random-access memory chips, or DRAM, and the biggest when it comes to the high-bandwidth ones that are paired with Nvidia Corp.’s graphics processing units.

The Economic Times

How SK Hynix just pulled off the second-largest U.S. share sale by quietly powering the AI boom

With a $26.5 billion Nasdaq debut, the South Korean manufacturer caps off a long, strange path from memory-chip also-ran to AI powerhouse

Fortune

SK Hynix shares jump in marquee US debut as AI euphoria persists

SK Hynix's Nasdaq debut saw its shares jump significantly after a large share sale. This event signals strong investor enthusiasm for chip stocks amid the AI revolution. The company's offering was oversubscribed, meeting strong demand for AI-memory themes. SK Hynix is a leading maker of essential high-bandwidth memory chips for…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

SK Hynix shares jump 14% in debut on US stock market riding on AI wave

SK Hynix shares surged on their Nasdaq debut, showing strong investor interest in chip stocks. The company's offering attracted significant demand, exceeding expectations for memory chip market strength. This listing provides SK Hynix direct access to a large investor pool for future expansion. The firm leads in high-bandwidth memory chips…

The Economic Times

South Korean billionaire's risky bet pays off, as SK Hynix debuts in New York

South Korean billionaire Chey Tae-won's bold acquisition of SK Hynix has paid off significantly. The company became a major AI chip producer after betting on niche technology. SK Hynix's strategic investment in high-bandwidth memory chips proved highly successful. However, concerns about slowing AI spending and potential oversupply are now emerging.…

The Economic Times

Korea taps Samsung, SK Hynix in $576 billion AI-chip drive to cement global leadership

The plan, anchored by Samsung Electronics and SK Hynix, marks Lee's boldest push yet to align South Korea's AI and chip ambitions with his pledge to narrow domestic regional disparities and revive economies beyond the Seoul metropolitan area.

The Economic Times

Key facts on South Korea's three chip and AI 'mega projects'

Below is a summary of the investments and targets announced at the event and in corporate and government statements.

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

South Korea announces $1 trillion semiconductor and AI ‘megaprojects’ plan

Samsung stocks drop by four per cent despite major AI and semiconductor investment

The Independent UK

South Korean tech giants to build a $518 billion chipmaking hub to serve soaring AI demand

South Korean tech giants Samsung Electronics and SK Hynix plan to invest a combined $518 billion in a new computer chip manufacturing hub, capitalizing on surging artificial intelligence-driven demand

The Independent UK

SK hynix files to raise up to $29 billion in historic Nasdaq listing — all proceeds going to advanced AI memory fabs and EUV tool orders

SK hynix filed a securities registration statement on Wednesday to raise up to 45.45 trillion won through an American depositary receipt listing on Nasdaq.

Tom’s Hardware

How SK Hynix's bet on a niche memory chip made it more valuable than Samsung

SK Hynix has risen to claim the title of South Korea's most valuable company, a testament to its visionary 14-year investment in high-bandwidth memory (HBM) chips. Initially viewed with doubt, this strategic pivot to a niche segment, particularly serving Nvidia's AI accelerators, has firmly established SK Hynix as a leader…

The Economic Times

SK hynix passes Samsung as South Korea's most valuable company — memory company surpasses valuation milestone on the back of HBM

SK hynix overtook Samsung Electronics on Monday to become South Korea’s most valuable listed company.

Tom’s Hardware

What Is SK Hynix? The Little-Known Tech Giant That Just Knocked Samsung Off Its Throne

SK Hynix has overtaken Samsung to become South Korea's most valuable company, driven by its dominance in AI memory chips, marking a huge shift in the semiconductor industry.

International Business Times UK

SK Hynix overtakes Samsung to become South Korea's most valuable company

SK Hynix has surged past Samsung Electronics to become South Korea's most valuable company, driven by its dominance in high-bandwidth memory (HBM) chips crucial for AI systems. This remarkable turnaround, from near collapse two decades ago to a market leader, highlights the transformative impact of the AI boom on the…

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

PC Gamer

SK hynix claims it will be able to triple its memory chip output by 2034, roughly 10 years sooner than first projected

Just in time to solve the current crisis, right?

The Economic Times

Nvidia clinches deals with South Korean giants include SK Group to advance AI boom

Speaking to reporters in Seoul, Huang's remarks underscored Nvidia's continued cooperation with SK Hynix, ‌a leading supplier of high-bandwidth memory (HBM) chips used ⁠in AI servers.

Tom’s Hardware

SK hynix to double memory wafer capacity within five years, chairman says — AI-driven shortage will persist until at least 2030

SK hynix will double its memory wafer capacity within five years, SK Group chairman Chey Tae-won told reporters at Computex in Taipei on June 2nd.

The Economic Times

SK Hynix pans to double wafer capacity in next five years, group chairman says

Chey Tae-won was ⁠speaking at the Computex conference in Taipei, where executives from some of the ‌world's top technology companies, including Nvidia, are ⁠gathering.

Get all your
news in one place.

100's of premium titles.
One news app.

TechRadar

'The current shortage could continue until 2030, so we expect more than a 20% shortage of the wafers': SK Group chairman issues bleak warning on RAM crisis

We've had previous forecasts that the RAM crisis will continue through to 2028 — but 2030 is upping the ante worryingly here.

Tom’s Hardware

SK Group chairman says memory chip shortage will last until 2030 — wafer supply trails demand by 20%

SK Group chairman Chey Tae-won told reporters at Nvidia's GTC conference in San Jose on Monday that the global memory chip shortage is likely to persist for another four to five years.

International Business Times

Nvidia's Jensen Huang Urges SK Hynix to Accelerate HBM4 Chip Delivery

Citing the growing demand for high-capacity, energy-efficient semiconductors, Nvidia CEO Jensen Huang asks SK Hynix to accelerate the delivery of the HBM4 chip by six months. This year, SK Hynix plans to provide 12-layer HBM3E samples, and by 2025, 18-layer HBM3E samples.

Tom’s Hardware

Nvidia's business model 'may fall apart' if corporations can't make AI pay, says SK Group boss

SK Group Chairperson Chey Tae-won says that Nvidia may lose its place among the top corporations globally if AI technologies fail to guarantee profits in a couple of years. However, Nvidia's competitors pose a bigger threat if they develop chips that could perform just as well but at a lesser…

Reuters

South Korea divorce ruling lets SK Group chief keep shares in parent

A South Korean court ordered the chairman of No. 2 conglomerate SK Group to transfer cash of 66.5 billion won ($50.68 million) in a division of property, as part of a divorce ruling on Tuesday that kept any stock from changing hands.

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

Read news from The Economist, FT, and more,
with one subscription

Topics

Memory

9,927 stories

Artificial Intelligence

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.