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...Chief executive Kwak Noh-Jung said the investment would help shift critical chip supply back to the US, laying the foundation for a “Silicon Heartland” in America’s midwest....
...This month, SK Hynix’s chief executive Kwak Noh-jung said the company was aiming to double its market capitalisation over the next three years and exploit demand for components needed to train AI systems...
...But now Kwak Noh-Jung, chief executive of SK Hynix, which has pioneered the development of so-called high-bandwidth memory chips used in AI servers, is striking a more optimistic note....
...As a result, they become more dangerous and unpredictable,” said Prof Kwak....
...Ms Kwak is not alone....
...“It looks like we will be able to raise about Won20,000bn from the sale,” said Mr Kwak....
...Kwak Young-kyoon, chief executive, said the measures, which were recommended by the consulting firm Booz Allen Hamilton, were “unanimously app-roved” by KT&G’s board....
...Kwak Young-kyoon, KT&G’s chief executive, said the new board would meet in two weeks to “seriously discuss” measures to accelerate shareholder returns....
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