SK Hynix Boss Pledges to Boost Output of AI Memory Chips

Chairman Chey Tae-won of SK Hynix Inc.’s parent SK Group pledged to grow production of AI memory chips to meet a surge in demand from the global data center buildout.

The billionaire chief of South Korea’s second-largest conglomerate also called high-bandwidth memory a “monster chip” that’s generating enormous profits for SK Hynix when speaking at a conference in Washington on Feb. 20. The chipmaker’s share price has more than quadrupled over the past year on record earnings.