SK Hynix (KRX: 000660)
SK Hynix, the semiconductor arm of the SK Group (KRX: 034730), plans to invest around KRW 103 trillion, or around S$101 billion, from now till 2028. Around 80% of this amount will be spent on high-bandwidth memory chips, which are optimised for use with Nvidia’s (NASDAQ: NVDA) artificial intelligence (AI) accelerators. Both SK Telecom and SK Broadband, divisions of the SK parent, will commit to invest KRW 3.4 trillion in their data centre business as part of the group’s AI ambitions. Executives from the SK Group deliberated long and hard on how to overhaul the group, which also has businesses in energy, chemicals, and batteries. The plan is to generate KRW 80 trillion by 2026 from the overhaul of business operations and to generate KRW 30 trillion of free cash flow to ensure that its debt-to-equity ratio stays below 100%. Aside from its investment plans, SK Hynix also announced other initiatives this year....Welcome to this week’s edition of top stock market highlights.
