▲ SK Group Chairman Chey Tae-won announces investment plans at the National Report Meeting on the Three Mega Projects presided over by President Lee Jae-myung at the Blue House on the 29th.
SK Group Chairman Chey Tae-won announced today (the 29th) the group's domestic investment plans for artificial intelligence (AI) and semiconductors, stating, "We are planning to invest approximately 1,000 trillion won in AI data center projects and about 1,100 trillion won in semiconductor supply expansion projects."
During the National Report Meeting on the Three Mega Projects for Korea's Great Leap Forward, presided over by President Lee Jae-myung at the Blue House, Chairman Chey said, "Over the next 10 years, SK will continue to execute domestic investments of more than 100 trillion won on average (per year)," and made the remarks.
Chairman Chey explained, "We will build AI data centers quickly and at a large scale to export intelligence rather than products, and establish a domestic 'intelligence market'."
Chairman Chey stated that SK Group, led by SK Telecom, plans to build AI data centers with a total capacity of 15GW (gigawatts).
The plan is to first build centers with a total capacity of 5GW, divided into units of 0.5 to 1GW, across the country (Phase 1), and then sequentially expand to 10GW capacity centers by considering power, site, and water supply conditions (Phase 2).
To respond to the rapidly increasing demand for memory semiconductors due to the surge in AI demand, the company will make large-scale investments in SK Hynix's semiconductor production lines to significantly advance the scheduled construction timelines and establish new production bases in the southwestern region.
Chairman Chey said, "SK Hynix has decided to move up the completion of the Yongin cluster, originally scheduled for 2045, by 12 years," adding, "We will advance investments of approximately 600 trillion won in Yongin to increase DRAM production and about 100 trillion won in Cheongju for NAND production."
He added, "There is a need to create new production bases to resolve the memory supply shortage that will continue thereafter," and "We will invest 400 trillion won to create a new cluster in the southwestern region, which is expected to meet all necessary requirements such as large-scale sites, power, water, and human resources."
(Photo: Blue House Press Corps, Yonhap News)
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