SK Chairman Chey Expands Global Business Activities while Focusing on Future Technology in US, Europe

SK Chairman Chey Expands Global Business Activities while Focusing on Future Technology in US, Europe
SK Group Chairman Chey Tae-won speaks at the 2023 Trans-Pacific Dialog Event at Salamander Resort near Washington, D.C. in the United States on Dec. 4 (local time).

SK Group Chairman Chey Tae-won has not stopped his overseas business travels, going to the United States and Europe towards the end of the year in December.

The SK chairman visited SK hynix America in San Jose and three affiliates and investors, including Gauss Labs and Lunar Energy, in the United States on Dec. 8 to 9 (local time), according to SK Group on Dec. 11.

First of all, Chairman Chey received a report on the business status of high-bandwidth memory (HBM) and encouraged employees at SK hynix America on Dec. 8. HBM is a high-performance DRAM considered a key component of artificial intelligence (AI) semiconductors.

On Dec. 9, Chairman Chey visited Gauss Labs and Lunar Energy to check their business status and market outlooks.

Gauss Labs is the first AI research and development company established by SK in 2020. SK hynix is introducing Gauss Labs’ AI solutions to its semiconductor process to boost production efficiency and yield. Lunar Energy is a company specializing in energy storage systems (ESSs). It is a joint venture between SK and Sunrun, the number one home solar power equipment installer in the United States. Three SK Group affiliates –- SK Inc., SK Innovation, and SK E&S — participated as co-investors.

“When applying AI solutions to a semiconductor manufacturing process, it would be good to incorporate large language models and consider how to expand the application to processes in other fields beyond semiconductor manufacturing processes in the future,” Chey said to members of Gauss Labs.

“In addition to the U.S. market, please consider expanding into Europe and Africa, and consider providing off-grid solutions, in particular, for areas suffering from poor electricity supply,” Chey said during his visit to Lunar Energy. Off-grid is a method of producing energy directly without receiving electricity, gas, etc. from the outside.

Following his trip to the United States, Chey will fly into Europe to continue his global business activities in Germany and the Netherlands.

In Germany, Chey will meet with Deutsche Telekom Chairman Tim Höttges to discuss global business cooperation on Dec. 11. SK telecom CEO Yoo Young-young will join Chey in the meeting. Together with SK telecom, Deutsche Telekom has formed a global teleco AI alliance to develop AI personal assistant services covering approximately 1.2 billion people in 45 countries.

Chey will then travel to the Netherlands to accompany President Yoon Suk-yeol on his state visit to the Netherlands and visit the headquarters of ASML, a global semiconductor equipment company. He will also visit SK Enmove Europe in Amsterdam, the Netherlands, to encourage local employees.

Earlier, Chey attended the fourth Tokyo Forum and the 2023 Trans-Pacific Dialogue held by the Chey Institute for Advanced Studies in Japan and the United States from Nov. 31 to Dec. 8.