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South Korea's SK Hynix Announces $75 Billion Investment in AI Chips
Jul 2, 2024, 02:47 PM
South Korea’s second-largest chip maker, SK Hynix, has announced a $75 billion investment over the next three years to develop AI chips. This substantial investment underscores the growing trend in the AI chip sector. The company is well-positioned to make its mark in the AI chip sector due to its existing expertise in regular memory chips. The move comes as Korean stocks outshine bonds, with global investors betting heavily on AI, attracting billions of dollars to the sector.
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