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SK Group chairman reaffirms HBM partnership with NVIDIA and TSMC aiming for tenfold growth
Monday, January 26, 2026 at 10:37 PM
SK Group Chairman Chey Tae-won outlined a long-term vision to decuple SK Hynix's market capitalization to 2,000 trillion won through the AI infrastructure boom. He emphasized the durability of the 'golden triangle' partnership between SK Hynix, NVIDIA, and TSMC for HBM supply. Chey noted that HBM has transitioned into a custom product, granting SK Hynix significant pricing power in the AI memory market. He also reiterated a historical commitment to TSMC's Morris Chang that SK Hynix would not compete in the foundry business, reinforcing their collaborative relationship.
Context
SK Group Chairman Chey Tae-won recently reaffirmed the "Golden Triangle" alliance between SK Hynix, NVIDIA, and TSMC, outlining a vision to grow SK Hynix tenfold to a 2,000 trillion won ($1.43 trillion) market capitalization. This strategy hinges on dominance in HBM (High Bandwidth Memory), which Chey asserts has granted the firm unique pricing power. Because high-end AI accelerators require these custom memory solutions to function, SK Hynix has transitioned from a commodity supplier to an indispensable partner in the global AI supply chain.
The partnership is expected to remain unshakeable as the AI revolution enters its next phase. Chey highlighted that SK Hynix will continue to avoid the foundry business to maintain strategic trust with TSMC, ensuring a stable supply chain for NVIDIA. By focusing on the next decade of AI growth, SK Group aims to cement SK Hynix as the central provider of specialized hardware necessary for global AI scaling.
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