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GuruFocus.com173d agobullish
SK Hynix Chairman Pledges HBM Expansion as $650 Billion AI Spend Surges

Chairman Chey Tae-won of SK Hynix's (HXSCL) parent SK Group has signaled that the company intends to deepen its exposure to the artificial intelligence buildout, pledging to expand production of high-bandwidth memory chips as global data center demand accelerates. Speaking in Washington on Feb. 20, Chey described HBM as a monster chip that is generating enormous profits for SK Hynix, underscoring how central the product has become to the AI hardware stack. The backdrop is a sharp re-rating in SK Hynix's shares, which have more than quadrupled over the past year on record earnings, reflecting investor conviction that advanced memory remains a critical bottleneck in the AI supply chain.