SK Hynix Spins Off Solidigm To Form A $10 Billion AI Company In The US

SK hynix is making a major investment on U.S. soil with the formation of an AI solutions firm that it is tentatively calling AI Company (or AI Co.). Most of the finer grain details are light at the moment, though from a high-level overview, the South Korean memory chip maker says its new firm will be focused on finding "new AI growth engines."

As expected, the bulk of these efforts, if not the entirety, will be aimed at the data center where AI is red hot right now. Notably, it was recently reported that SK hynix was three months ahead of schedule in opening a chip factory in Youngin, South Korea, as the company invests big money on riding the AI wave. There's more money to be made in the data center, which at least in the short term, has created a memory crisis in the consumer sector ...