Sk hynix establishes US AI investment arm, hyaico, backed by $10 billion commitment

SK Hynix has officially established a new AI investment subsidiary in the United States, named Hyaico Corp, according to documents disclosed by US regulatory bodies. The group's Chairman, Choi Tae-won, has been appointed as the Chairman of the board for the new entity. This subsidiary, which was initially provisionally named AI, is tasked with accelerating global AI market development and seeking new growth engines within the sector. Hyaico plans to invest up to $10 billion into the US AI field. Furthermore, the company will structure Hyaico by reorganizing SK Hynix's existing US operations, specifically the SK hynix NAND Product Solutions division. Song Hyun-jong, President of SK Hynix, will take on the role of CEO for Hyaico. The establishment of this venture signals a significant strategic push by SK Hynix into the rapidly expanding artificial intelligence landscape.