SK hynix to Establish U.S. Arm Specialized in AI Solutions

SK hynix announced today that it will establish an AI solutions firm, tentatively named AI Company(AI Co.), in the US to find new AI growth engines.SK hynix will establish AI Co. through the restructuring of Solidigm (SK hynix NAND Product Solutions Corp.), its California-based enterprise SSD manufacturing subsidiary. In this process, Solidigm will maintain its entity under the name, AI Co., while transferring its business operations to a new subsidiary, to be named Solidigm Inc., to ensure brand continuity. AI Co. will serve as an AI-focused business arm, driving SK hynix’s AI strategy forward. The corporate name of AI Co. will be officially announced later this year.SK hynix will commit USD 10 billion to AI Co., with the funds to be deployed by AI Co. on a capital-call basis.