SK Hynix plans to increase its chip wafer production capacity threefold.

This week, Chairman Tae-won Chey of South Korean SK Group revealed that its storage chip subsidiary SK Hynix plans to increase its chip wafer production capacity to three times the current level by 2034 to meet the strong demand brought by the development of artificial intelligence. Although he is confident in AI demand and related investments, he also acknowledges that stock market volatility may continue for some time. SK Hynix's stock price has recently fluctuated dramatically: on the 10th local time, it plummeted by about 7.5%, while the day before it surged by over 15%. In addition, SK Hynix has confirmed plans to issue American depositary receipts within the year to list in the United States. Analysts believe that the company hopes to expand its investor base by leveraging the wave of AI.