Keep pulling the thread on Chey Tae-won.
The demand for memory chips has shifted from being limited by the number of consumer hardware devices to being driven by the needs of AI.
Chey Tae-won predicts that within a few years, individuals will use tens or hundreds of personal AI agents, each requiring significant memory capacity.
SK Hynix plans to double its entire production capacity within the next 5 years.
Customers of SK Hynix are demanding capacity increases of four to six times the current level, suggesting the company's plan to double capacity is insufficient.
Chey Tae-won believes that memory supply capacity will not be able to catch up with demand until society reaches a "settlement with AGI".
SK Group plans to invest almost $1 trillion over the next 10 years to build AI data centers.
SK Group plans to build 15 gigawatts of AI data center capacity in Korea over the next 10 years.
SK Group plans to build 5 gigawatts of AI data center capacity outside of Korea, including in the US, over the next 10 years.
Chey Tae-won predicts the cost per token for AI will decrease to one-fifth or one-tenth of its current level within the next three years.
SK Group has already invested over $35 billion in the United States across its bio, battery, and semiconductor businesses.
SK Group plans to invest a total amount "much bigger" than the $35 billion it has already invested in the United States.
China's AI development strategy is focused on reducing token costs, whereas the United States' strategy is focused on the high-end market and token quality.