South Korea’s SK Group, the father or mother firm of Nvidia‘s chip provider SK Hynix, has introduced plans to amass 80 trillion received ($56 billion) by 2026. The funds might be primarily directed in direction of investments in synthetic intelligence (AI) and semiconductors.What Occurred: The corporate’s high brass agreed throughout a weekend assembly that the funds, secured via improved profitability, enterprise construction optimization, and synergy creation, can be invested in high-bandwidth reminiscence (HBM) chips, knowledge facilities, and customized AI assistant providers. The technique is designed to bolster its provide chains for rising expertise, Nikkei Asia reported on Monday.The group’s chipmaking unit, SK Hynix, is projected to regulate over half the worldwide marketplace for HBM this 12 months. The unit provides almost all HBM chips utilized by Nvidia NVDA, which makes use of them to spice up the effectivity of its graphics processing items for AI computing and coaching.Nonetheless, Samsung Electronics and Micron are additionally vying for a major share within the HBM market, posing potential competitors for SK Hynix.See Additionally: Palantir’s Peter Thiel Says It’s ‘Very Unusual’ That Most Cash In AI Is Being Made By Solely One Firm: ‘…Which Silicon Valley Doesn’t Even Know A lot About Anymore’Regardless of the looming competitors, analysts opine that SK Hynix continues to steer in chip-stacking expertise, a method that amalgamates a number of standard DRAM chips to reinforce velocity and facilitate large-scale knowledge processing.SK Group has but to reveal detailed plans on the way it goals to succeed in its 80-trillion-won goal.Why It Issues: In April, SK Hynix reported its first worthwhile quarter in 5, attributing the turnaround to hovering demand for AI chips. The corporate’s sturdy efficiency was pushed by elevated gross sales of AI server merchandise, notably high-bandwidth reminiscence, a expertise essential for AI chipsets utilized by Nvidia.Nonetheless, in June, Nvidia was within the last phases of certifying Samsung’s HBM chips, a important step earlier than Samsung might provide elements essential for coaching AI platforms. Nvidia’s approval is important for corporations like Samsung and Micron to compete with SK Hynix within the AI chip market.Learn Subsequent: Apple Rejects Meta’s AI Integration Proposal, Ex-Worker Accuses iPhone-Maker Of Chemical Publicity And Extra: This Week In AppleverseImage through SK HynixThis story was generated utilizing Benzinga Neuro and edited by Pooja Rajkumari