SK Hynix Boosts AI Spending

SK Hynix plans to accelerate investment in advanced memory chip production following record profits, driven by soaring demand for AI technology. The company aims to solidify its market position amidst increasing competition. This strategic move involves expanding capacity for high-bandwidth memory (HBM) chips, crucial components in AI systems.

SK Hynix anticipates sustained demand for high-performance memory products due to the growing competition among tech firms to enhance AI model inference. The company expects to double its HBM chip sales for the year. SK Hynix's investment aligns with the broader industry trend of increasing capital expenditure in AI and related technologies.

This investment will focus on AI-related sectors, especially HBM memory. Key facilities under construction, such as the Yongin semiconductor cluster and the M15X in Cheongju, along with an advanced packaging factory in Indiana, U.S., are expected to bolster SK Hynix's production capabilities and solidify its dominance in the global memory market.