SK Innovation to invest $380 million in SK hynix's U.S. AI affiliate

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SK Innovation to invest $380 million in SK hynix's U.S. AI affiliate

Published: 10 Mar. 2026, 18:43

SK's headquarters in central Seoul [YONHAP]

SK Innovation has decided to invest $380 million in a U.S.-based arm of its sister firm, SK hynix, as part of efforts to seek investment opportunities in the AI energy infrastructure sector, a report showed on Tuesday.

According to the audit report of the Korean refiner, SK Innovation's board of directors approved a plan to invest in AI Co. last month.

Sky hynix announced the U.S. affiliate — which works to “secure opportunities in the emerging AI era” — in January.

According to SK hynix, the new subsidiary aims to become a key partner in the AI data center ecosystem and accelerate AI advancement in global markets, including the United States and Korea.

“We are considering acquiring a stake in AI Co. to explore various investment and business opportunities, including in the U.S. AI energy infrastructure sector,” a spokesperson from SK Innovation said.

Yonhap