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SK Telecom to invest W738b in SK hynix’s US AI unit

The Korea Herald
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SK Telecom to invest W738b in SK hynix’s US AI unit

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SK Telecom will invest 738.4 billion won ($477 million) in a US-based investment vehicle set up by SK hynix, becoming the latest SK Group affiliate to back the chipmaker’s artificial intelligence push.

The mobile carrier said in a regulatory filing on Thursday that it signed an agreement to acquire 1,198 newly issued shares in SK hynix NAND Product Solutions.

The deal will give SK Telecom a 0.9 percent stake.

The US-based entity was established in January by SK hynix and Solidigm, with SK hynix ...

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