Seoul: South Korean tech giant SK hynix Inc. announced plans to establish a new U.S.-based artificial intelligence (AI) subsidiary, backed by a substantial US$10 billion investment.
According to Yonhap News Agency, the new subsidiary, tentatively named AI Co., will be created by restructuring SK hynix's current U.S. arm, SK hynix NAND Product Solutions Corp., also known as Solidigm. SK hynix plans to launch a separate subsidiary named Solidigm Inc. to maintain brand continuity.
AI Co. aims to become a significant partner in the AI data center ecosystem, facilitating the advancement of AI in global markets including the United States and South Korea. The subsidiary intends to invest in U.S. companies and seek partnerships to create synergies with other SK affiliates.
SK hynix emphasized its commitment to making strategic investments and collaborating with AI firms to enhance its competitiveness in memory chips and to offer a range of AI data center solutions. The partnerships formed through AI Co. are expected to bolster the South Korean industry's presence in the global market.