SK Group to secure $58 bn for AI, chip investments
image for illustrative purpose
Seoul: SK Group, South Korea's chip-to-construction conglomerate, said on Sunday that it will secure 80 trillion won ($58 billion) by 2026 for investments, mainly in artificial intelligence and semiconductors.
Some 20 chief executives of the group's major affiliates gathered at its research centre in Icheon, 58 kms southeast of Seoul, from Friday to Saturday to come up with investment plans for future growth, SK Group said in a statement.
"The group needs to preemptively make drastic changes in the face of the new transition era," SK Group Chairman Chey Tae-won said in the meeting. He attended online as he was visiting the United States for meetings with American tech executives, reports Yonhap news agency.
SK Group must also strengthen "AI value chain leadership," from AI services to AI infrastructure, the chairman said.
