SK Group Chairman Says SK hynix Nasdaq Debut Is a “Dream Come True”

WASHINGTON -- SK Group Chairman Chey Tae-won said Friday that South Korean chip giant SK hynix's debut on the tech-heavy Nasdaq is a "historical moment" and a "dream come true," expressing his expectation for the group's large-scale investment in the artificial intelligence (AI) sector. Chey made the remarks during a CNBC interview after the chipmaker made its Nasdaq debut through the listing of its American depositary receipts. "First of all, this is a truly historical moment, and we've been waiting for a long, long time," he said. "SK acquired hynix 15 years ago. So it's kind of a dream come true." Aside from memory chip production, Chey pointed out his expectations for his conglomerate's investments in the broader AI industry. "I am expecting at least ... tens of billions of dollars for the AI side," he said. "We are talking about just memory chips, but I am looking at large investments in AI, AI data centers, technologies and startups, or joint ventures with my partners," he said. "I'm expecting huge investments sooner or later." He stressed that the Nasdaq debut will give SK hynix a n

Ed Ludlow sits down for an interview with SK Group Chairman Chey Tae-won from the Nasdaq to discuss SK Hynix's US listing, the biggest-ever by a foreign company. Meanwhile, Bloomberg’s David Gura takes a look at SK Hynix shares as they start trading on the Nasdaq, and dives deeper into the listing's impact on the rest of the US chip sector. (Source: Bloomberg)

Chey Tae-won, chairman of SK Hynix parent SK Group, says they waited a long time to list SK Hynix in the US and calls it a "dream come true." The head of the South Korean chipmaker talks about raising $26.5 billion in the largest-ever US listing by a foreign company and also discusses the outlook for AI demand and his US investment plans. (Source: Bloomberg)

Chey Tae-won, chairman of SK Hynix parent SK Group, discusses SK Hynix's listing on the Nasdaq and says he hopes to expand the ADR size once there is a good return. He speaks with Ed Ludlow on "Bloomberg Tech." (Source: Bloomberg)