SK Hynix plans to set up US unit for AI investment, media reports

SEOUL, Jan 27 (Reuters) - SK Hynix plans to establish a ​unit focussing on artificial intelligence ‌investment, the company said on Tuesday, after ‌a media report that it will be set up in the United States.

SK Hynix, a South ⁠Korean chipmaker ‌and major supplier of advanced AI chips to Nvidia, ‍said in a regulatory filing that various measures were under consideration, including ​establishing a subsidiary for AI ‌investment, after the report.

The Maeil Business newspaper reported earlier that SK Hynix will establish a U.S. subsidiary and it will be in ⁠charge of managing ​a total of ​10 trillion won ($6.92 billion) worth of AI-related assets held overseas ‍by affiliates ⁠of SK Group, including their stakes in U.S. nuclear energy ⁠firm TerraPower.

($1 = 1,444.4800 won)

(Reporting by Hyunjoo ‌Jin and Jihoon Lee, Editing ‌by Louise Heavens)