SK Group and subsidiary SK Hynix are making major investments in AI and semiconductor technologies.

SK Hynix plans to invest $74.6 billion in memory chip technologies for AI applications over the next three years.

This investment is in addition to the $90 billion already committed to a new chip-making plant.

SK Group aims to secure $57.8 billion by 2026 for further AI projects, totaling $132.4 billion in AI investments.

The goal is to increase profits from $16 billion in 2024 to nearly $30 billion by the end of 2025.

These investments respond to the demand for AI-capable semiconductors and the global chip shortage.

South Korea's government is supporting the semiconductor industry with a $19 billion package to help companies remain competitive globally.