SK Group Chairman Chey Tae-won: SK may focus on storage-as-a-service business in the future, open to multiple rounds of ADR issuance

CoinFeed July 10 news, SK Group Chairman Chey Tae-won said: The wave of AI industry expansion means "now is the golden period for our development". Currently we have sufficient funds to support SK Hynix. Open to multiple rounds of American depositary shares issuance. The explosive development of AI intelligent agents will drive massive memory demand. Customers say the company's planned production expansion scale still cannot meet demand. I have some confidence in demand growth. Customers all want to sign long-term supply agreements to lock in stable sources. If long-term agreements are signed, the storage industry will no longer be cyclical. Another key task for SK is to lay out AI data centers. Before AI develops to artificial general intelligence, it will be difficult for memory chip demand to return to normal. SK may focus on storage-as-a-service business in the future. We must reduce AI token costs.