SK Hynix Chairman Pledges Major AI Memory Chip Expansion. SK Group's billionaire chief Chey Tae-won committed to significantly increasing production of high-bandwidth memory chips to capitalize on surging global demand from data center buildouts. The chipmaker's stock has quadrupled in the past year as AI infrastructure spending accelerates. US tech giants including Microsoft and Meta are investing approximately $650 billion annually in AI infrastructure, creating a critical shortage of memory chips. SK Hynix has already sold out its 2026 memory chip inventory, with analyst projections for the company's 2026 operating profit reaching between $70 billion and $100 billion, up substantially from $50 billion estimates just months ago.
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