SK Hynix CEO Expects AI Memory Boom to Double Company’s Value

SK Hynix Inc.’s market value is likely to double over the next three years as the company evolves and improves its technology, according to Chief Executive Officer Kwak Noh-Jung.

The memory maker became South Korea’s second-most valuable company in December, behind only arch-rival Samsung Electronics Co., as it benefited from the surge in demand for artificial intelligence gear. Nvidia Corp.’s gold-standard AI accelerators use SK Hynix’s high-bandwidth memory (HBM) extensively, giving it an edge on Samsung and American competitor Micron Technology Inc.

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