Flush with cash, SK hynix spawns mysteriously named 'AI Co.'

SK hynix is surfing the AI hype wave by setting up what it nebulously describes as a solutions biz to further exploit the hysteria.

The chipmaker is already flying high on the back of booming demand for datacenters. Its share price has quadrupled in the past year as it supplies a vital component, one now in tight supply. Judging by its financials published today, the AI gravy train isn't slowing.

The Korean corp is launching a new subsidiary in February, referred to only as "AI Company" (AI Co.) at this point. It aims to become "a key partner" in the AI datacenter ecosystem to "proactively seize opportunities."

The market is now seeing demand for integrated AI solutions that combine hardware, software, and services rather than just standalone products, SK says.

The Register asked for more information, but a spokesperson told us: "AI Co. aims to serve as an optimized ...