Choi Tae-won, chairman of SK Group, will serve as the chair of the board for HYAICO Corporation, SK Hynix's U.S. artificial intelligence (AI) investment firm.
According to a report filed with the U.S. Securities and Exchange Commission (SEC) on November 3, SK Hynix confirmed that the name of the firm transitioning to an AI-focused investment entity is HYAICO Corporation, as announced in January.
HYAICO is the U.S. AI investment firm that SK Hynix announced plans to establish in January. The firm will convert the existing entity of its U.S. NAND flash subsidiary, Solidigm, to focus on AI business and plans to invest in innovative AI companies in the U.S. It also aims to leverage the capabilities gained to create synergies across the SK Group.
Choi will chair the board, which includes several key current and former executives from SK Group. The CEO will be Song Hyun-jong, president of SK Hynix, while former SK Hynix vice chairman Park Sung-wook, SK Hynix CEO Kwak No-jung, and SK Telecom CEO Jeong Jae-hun will also serve as board members.
Choi is expected to enhance HYAICO's operational effectiveness based on his global network in the U.S. and experience in the AI sector, participating in key decision-making related to AI investments. This is anticipated to accelerate investments in U.S. AI companies and the discovery of new business opportunities for the group.
According to a report filed with the U.S. Securities and Exchange Commission (SEC) on November 3, SK Hynix confirmed that the name of the firm transitioning to an AI-focused investment entity is HYAICO Corporation, as announced in January.
HYAICO is the U.S. AI investment firm that SK Hynix announced plans to establish in January. The firm will convert the existing entity of its U.S. NAND flash subsidiary, Solidigm, to focus on AI business and plans to invest in innovative AI companies in the U.S. It also aims to leverage the capabilities gained to create synergies across the SK Group.
Choi will chair the board, which includes several key current and former executives from SK Group. The CEO will be Song Hyun-jong, president of SK Hynix, while former SK Hynix vice chairman Park Sung-wook, SK Hynix CEO Kwak No-jung, and SK Telecom CEO Jeong Jae-hun will also serve as board members.
Choi is expected to enhance HYAICO's operational effectiveness based on his global network in the U.S. and experience in the AI sector, participating in key decision-making related to AI investments. This is anticipated to accelerate investments in U.S. AI companies and the discovery of new business opportunities for the group.
* This article has been translated by AI.
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