SK Innovation to Invest $380 Million in SK hynix's U.S. AI Subsidiary
SK Innovation will invest $380 million in SK hynix's new U.S. affiliate, AI Co., to explore opportunities in the AI energy infrastructure sector. The investment agreement allows for capital contributions over four years until 2030. SK hynix aims to establish a key subsidiary for AI data center ecosystems and advanced computing infrastructure.
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SK Innovation has approved a $380 million investment in AI Co., a U.S. subsidiary of SK hynix, aimed at exploring opportunities in AI energy infrastructure. The investment will be conducted through capital calls over a four-year period until March 1, 2030.
SK hynix established AI Co. to support the AI data center ecosystem and advance computing infrastructure in the U.S. and South Korea. The restructuring of SK hynix's NAND Product Solutions into AI Co. is part of a broader strategy to capitalize on the growth of AI technologies, with SK hynix also committing $10 billion to the venture.
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