SK hynix Inc. announced today that it will establish an AI solutions firm, tentatively named AI Company (AI Co.), in the US to find new AI growth engines. "Leveraging its unparalleled chip technologies, such as HBM, the memory chipmaker will try to play a pivotal role in delivering optimized AI systems for its customers in the AI datacenter sector," the company said.

"The company will also continue making strategic investments in and collaborating with AI firms to strengthen its competitiveness in memory chips and provide a range of AI datacenter solutions." Global big tech companies have been in a fierce competition to gain an upper hand in the AI race by making significant investments and actively seeking innovation. With the growing demand for advanced AI systems, high-end memory chips are considered essential for overcoming the performance bottlenecks of AI data solutions. Capitalizing on the AI boom, SK hynix, the world's leading memory chipmaker, has been making efforts to cement its AI leadership.