en.Wedoany.com Reported - SK Telecom (SKT) has decided to invest 700 billion won in SK hynix's U.S.-based AI investment entity to strengthen the synergy of artificial intelligence (AI) businesses at the group level.

According to information disclosed by the Financial Supervisory Service's electronic disclosure system on the 25th, SK Telecom held a board meeting that day and resolved to sign an investment agreement to acquire new shares of the U.S. entity "SK hynix NAND Product Solutions Corp." The shares to be acquired total 1,198, representing a 0.9% stake. The investment amount is 738.384 billion won, which will be paid in cash in installments under the agreement, with a deadline of June 25, 2030. This investment amount is equivalent to 5.7% of SK Telecom's equity capital.

SK Telecom explained the purpose of the acquisition as ensuring synergy with its AI business, aiming to explore various opportunities in the rapidly changing AI ecosystem. SK hynix NAND Product Solutions Corp. is an AI investment and solutions entity established by SK hynix in the United States in January this year. Its founding goal is to secure growth momentum for the group's AI business and create synergies among subsidiaries through investments in U.S. AI innovative companies and the establishment of strategic partnerships.

The investment amount stated in this disclosure is the total agreed amount, which will be executed in installments within the agreement limit based on subsequent capital contribution requests from the entity. The investment amount is converted into Korean won based on the first announced base exchange rate (1 USD to 1,538.30 KRW) from Hana Bank on June 25, and may fluctuate due to factors such as exchange rates.

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