SK Hynix is considering establishing a unit for artificial intelligence investment, following reports of a potential U.S. location. The South Korean chipmaker, a key supplier of AI chips to Nvidia, is exploring various measures, including forming a subsidiary. The move could involve managing $6.92 billion worth of AI assets held overseas.

The Maeil Business newspaper reported SK Hynix’s plan to set up a U.S. subsidiary to oversee $6.92 billion in AI-related assets, including stakes in TerraPower. This strategic move could significantly impact the company’s presence in the AI sector.($1 = 1,444.4800 won)

Read more at Yahoo Finance: SK Hynix plans to set up US unit for AI investment, media reports