[SK Hynix Chairman Pledges to Increase AI Memory Chip Production] SK Group Chairman Chey Tae-won, chairman of SK Hynix's parent company, has pledged to expand production of AI memory chips to meet surging demand from global data center construction.

2026-02-23

[SK Hynix Chairman Pledges to Increase AI Memory Chip Production] SK Group Chairman Chey Tae-won, chairman of SK Hynix's parent company, has pledged to expand production of AI memory chips to meet surging demand from global data center construction. He stated that high-bandwidth memory chips are "monster chips" that have brought huge profits to SK Hynix. The chipmaker's stock price has more than quadrupled in the past year due to record profits. While he did not specify the scale of the expansion, SK Hynix stated in January that its capital expenditure in 2026 would increase significantly compared to last year to meet demand for HBM chips.

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