SEOUL, Nov. 4 (Yonhap) -- SK Group Chairman Chey Tae-won will chair the board of HYAICO Corp., the U.S.-based artificial intelligence (AI) investment arm of SK hynix Inc., according to documents filed with the U.S. Securities and Exchange Commission (SEC).
The filing, made public Wednesday (U.S. time), identified the company as HYAICO Corp., formerly known by its tentative name AI Co., which SK hynix announced in January with plans to invest up to US$10 billion.
SK hynix earlier said the new arm would help "accelerate AI advancement in global markets" and "find new AI growth engines."
The new arm will be launched by restructuring SK hynix's existing U.S. arm, SK hynix NAND Product Solutions Corp., also known as Solidigm. The chipmaker will instead set up a separate subsidiary called Solidigm Inc. to retain the brand name.
Other current and former SK Group executives, meanwhile, will join Chey on HYAICO's board, and SK hynix President Song Hyun-jong will serve as HYAICO's chief executive.
SK Group Chairman Chey Tae-won, chief of the Korea Chamber of Commerce and Industry, speaks at the third Future Economic Forum in Seoul on Nov. 3, 2026. (Yonhap)
colin@yna.co.kr
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Source: Yonhap News · Kang Yoon-seung
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