SK Hynix to invest $38B in AI memory plants

SK Hynix Inc., valued at approximately $710.74 billion, announced on Friday that it will invest ₩54 trillion ($37.8 billion) in two South Korean production facilities to meet growing demand for memory...

SK Hynix Inc., valued at approximately $710.74 billion, announced on Friday that it will invest ₩54 trillion ($37.8 billion) in two South Korean production facilities to meet growing demand for memory...

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The mogul, who launched a viral, 3-meter-tall transformable robot this year, has amassed a fortune of $2.4 billion derived from his equity stake.

SK Hynix said on Friday it will invest 54 trillion Korean won ($38.1 billion) to build two new memory chip manufacturing plants, as demand for the components, which are key to AI, continues to grow. The South Korean tech giant announced a 35.2 trillion won in…

The New York Times, News Corp, USA Today Co. and People Inc. reported this week, each of which is grappling with AI-driven pressure on traffic.