en.Wedoany.com Reported - SK Group Chairman Chey Tae-won announced a significant expansion of the company's investment scale in the United States, with future investment plans far surpassing the current investment of over $35 billion (approximately 52 trillion won) in the U.S. ![On the morning of the 10th (local time), at the 'Opening Bell' ceremony held at the Nasdaq market in New York, USA, SK Group Chairman Chey Tae-won, SK hynix CEO Kwak Noh-jung, and SK hynix outside director and Board Chairman Ko Seung-beom rang the bell to announce the start of Nasdaq ADR trading. [Photo source: Reuters NewsPim] 2026.07.11 mj72284@newspim.com](https://img.wedoany.com/2026/0711/20260711111329854.jpg)
In an interview with Bloomberg Television on the 10th (local time), Chairman Chey Tae-won stated that SK Group's investment plan in the U.S. is "a much bigger number," emphasizing it is "much, much, much bigger than $35 billion." He noted that SK Group has already invested in multiple areas, including battery business and new semiconductor equipment in Indiana, but these investments have not received sufficient attention from the outside.
This statement came after SK hynix completed a $26.5 billion financing, which set a record for the largest IPO (Initial Public Offering) by a foreign company in the U.S. market. Chey Tae-won believes that the AI era has arrived, and AI technology has generated enormous demand for memory. In a previous interview with CNBC, he mentioned the conditions for building a wafer fab in the U.S., stating, "If possible, there is no reason not to do it," but building a memory wafer fab requires electricity, clean water, site, manpower, and a supply chain ecosystem, which is not an easy task. He also said that SK Group's team is conducting global assessments, not limited to the U.S.
Currently, SK Group's confirmed investments in the U.S. include a $4 billion advanced packaging facility in Indiana. In the AI field, Chey Tae-won expects the investment scale to reach at least tens of billions of dollars, covering AI data centers, technology, startups, and joint ventures with partners. Additionally, Chey Tae-won revealed that SK hynix may issue additional American Depositary Receipts (ADRs) in the future. If yields are supported and the stock price remains stable, further stock issuance in the U.S. market is possible. He emphasized that the primary goal is to stabilize the stock price, which will provide room for long-term growth.
