South Korea's SK Hynix to invest $75b in AI, chip business by 2028

South Korea's SK Hynix to invest $75b in AI, chip business by 2028

FILE PHOTO: Employees walk past the logo of SK Hynix at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo

South Korea’s SK Hynix, the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business, focusing on AI, its parent SK Group said on Sunday.