Nasdaq debut 'historical moment,' expects huge AI investment

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