SK hynix is strengthening supply chain cooperation with partners to respond to the age of artificial intelligence (AI).
Kwak Noh-jung, CEO and president of SK hynix, said at the regular general meeting of the Co-Prosperity Council held at Grand Walkerhill in Gwangjin-gu, Seoul, on the 20th, "AI demand has gone beyond a temporary opportunity and become the industry standard," adding, "We will further strengthen the foundation of cooperation so partners can remain competitive in the global market."
He went on to note that "last year's results were thanks to cooperation with partners," expressing a commitment to expand win-win collaboration.
The Co-Prosperity Council is a consultative body operated by SK hynix and its partners to enhance supply chain competitiveness. Materials, components, equipment, and infrastructure corporations are participating.
Representatives of 89 member companies attended the event. SK hynix executives were also present.
SK hynix is promoting changes in how it collaborates this year. Previously, the company set the discussion topics, but going forward, discussions will center on issues partners face in the field.
Partners with similar areas of interest will form small groups to find solutions. SK hynix will play a supporting role.
Through this, the company plans to enhance partners' competitiveness and strengthen stability across the supply chain. It will also expand education and support programs. It will strengthen semiconductor training for partner executives and employees and continue tailored support to secure business competitiveness.
The event also shared an outlook for the AI memory market and business strategies. SK hynix said it will raise market responsiveness through collaboration with partners.
AI Semiconductor production requires materials, components, and equipment corporations to work in tandem. Because of this, the response speed of the entire supply chain is becoming more important than the competitiveness of individual corporations.
In particular, as demand in the AI Semiconductor market fluctuates quickly and product development cycles shorten, building a real-time response system with partners is emerging as a core competitive edge.
The industry sees SK hynix as preemptively strengthening its supply chain with partners in response to growing AI memory demand. As competition to secure semiconductor talent intensifies, strengthening the capabilities of partner personnel is also cited as a key task.
Hwang Cheol-joo, chair of the Co-Prosperity Council (chairman of Jusung Engineering), emphasized stronger cooperation, saying, "We must prepare for the AI era together, based on trust with partners."