SK hynix Inc.announced that Gauss Labs Inc. was founded to lead manufacturing innovation through industrial AI solutions. Gauss Labs will start its Korean office later this month right after having established its headquarters in Silicon Valley, U.S. last month. SK hynix is the sole investor of its initial capital of $55 million through 2022.

SK Group has been promoting various types of AI businesses with its affiliates. "We should utilize innovative technologies such as AI and digital transformation (DT) to create social value, expand our market, and help our customers pursue happiness," said Mr. Tae-won Chey, the Chairman of SK Group at SK Icheon Forum in August last year. "If we fail to utilize innovative technologies, we cannot guarantee the future of SK." Gauss Labs is the first independent corporation from SK Group specializing in AI.

Gauss Labs initially aims to revolutionize semiconductor manufacturing through innovative AI technologies by utilizing an enormous amount of data generated at SK hynix's manufacturing sites. Through these technologies, SK hynix plans to make its overall manufacturing operations, including process control, yield prediction, equipment maintenance, defect inspection and fault prevention, more efficient and more intelligent.