KoreaTech Today - Korea's Leading Tech and Startup Media Platform
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government
No Result
View All Result
KoreaTech Today - Korea's Leading Tech and Startup Media Platform
No Result
View All Result
Home 5G

SK Group forms ‘SK ICT Alliance’ for AI chip development

 621 total views,  5 views today

KoreaTechToday Editor by KoreaTechToday Editor
PUBLISHED: January 11, 2022 UPDATED: January 11, 2022
in 5G, AI, SK, SK Hynix, SK Square, SK Telecom
0
SK Group forms ‘SK ICT Alliance’ for AI chip development

The South Korean conglomerate SK Group is all set to launch a new ICT technology development and investment body. The three subdivisions of SK Group, including SK Hynix, SK Square and SK Telecom, have formed the new body, which will be called SK ICT Alliance. 

Sapeon Inc. is the first investment project under the label of SK ICT Alliance. With these co-investments in the US, the three companies aim to target the growing AI chip market. 

SK Hynix CEO Part Jung-ho announced the launch of SK ICT Alliance at a press conference held on Thursday. The event addressed the sidelines of Consumer Electronics Show 2022, held at the Waldorf Astoria hotel. Park Jungo-ho is also the CEO of SK Square, the investment arm of SK Group, spun off from SK telecom in Nov last year. 

While SK Square is primarily into investments, SK Hynix is known for its expertise in chip production and SK Telecom in telecommunications. The trio will be offering its expertise to meet the growing demands of the global chips market. The investments are likely to be made keeping the developing 5G and AI industries. 

According to the announcement, the trio will be investing $41.5 million combined. SK Telecom will hold 62.5% stakes, SK Hynix will have 25%, while SK Square will hold 12.5% stakes in the newly formed company. 

“Sapeon Inc. will serve as SK’s outpost to expand its AI chip business and target global big tech companies based in the US as clients,” SK officials quoted at the conference. While discussing further development of the company, the officials added, “Sapeon Inc. will allow SK to secure abundant chip development personnel in the US and foreign investments. Sapeon Korea will be Sapeon Inc.’s subsidiary and be in charge of Korean and Asian markets.”

SK Telecom had developed an AI chip in 2020, which was called Sapeon. The new company has got the name from the same AI chip, say the officials. 

The chip production typically requires high-speed calculations processed to enable AI. Besides, the electricity consumed by GPU and graphics processing units is one of the concerns in chip production. However, the chip produced under the new project will consume 20% less power while commuting at a 1.5 faster.

Taiwan Semiconductor Manufacturing Co. presently manufactures the chips offered under the newly developed Sapeon project. Ryu Soo-Jung, vice president and head of AI accelerator at SK Telecom, believes that TSMC will continue the contract for the next Sapeon model as well. 

What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: 5GAIChipSouth Korea news

Related Posts

Korea's first 'Ieum 5G (5G specialized network)' service at Naver's second office building '1784' in Bundang-gu, Seongnam-si, Gyeonggi-do.
5G

Naver Cloud & Samsung Electronics to build the world’s first 5G driven cloud-based autonomous driving robot 

June 17, 2022
KT will soon commercialize 5G SA in South Korea: Samsung offers common core
5G

KT will soon commercialize 5G SA in South Korea: Samsung offers common core

February 4, 2022
Samsung Introduces World’s First-ever MRAM Based In-Memory Computing
AI

Samsung Introduces World’s First-ever MRAM Based In-Memory Computing

January 27, 2022
5G rollout: KT, NTT DOCOMO, Fujitsu come together to work on 5G O-RAN in South Korea
5G

5G rollout: KT, NTT DOCOMO, Fujitsu come together to work on 5G O-RAN in South Korea

January 8, 2022
5G users in South Korea surge to 20 million
5G

5G users in South Korea surge to 20 million

January 4, 2022
Kakao Brain builds image-generating AI model
AI

Kakao Brain builds image-generating AI model

December 16, 2021
No Result
View All Result

Follow Us

FREE NEWSLETTER




PRODUCTS

Most Popular

  • 5 Best Korean to English Translation Apps

    0 shares
    Share 0 Tweet 0
  • Top South Korean Tech Products to Look Out for in 2021

    0 shares
    Share 0 Tweet 0
  • 5 All-Time Best Rom-Com K-Dramas to Watch

    0 shares
    Share 0 Tweet 0
  • Top Nine Mobile MMORPG in South Korea for 2020

    0 shares
    Share 0 Tweet 0
  • Best Korean Dramas To Watch This 2021

    0 shares
    Share 0 Tweet 0
  • Coway Changes Name After Netmarble’s Aquisition

    0 shares
    Share 0 Tweet 0
  • Top 8 South Korean Mobile MMORPG to Watch Out For in 2021

    0 shares
    Share 0 Tweet 0
  • SKT Popularizes Social VR with Ifland Metaverse Platform

    0 shares
    Share 0 Tweet 0
  • Naver Cloud & Samsung Electronics to build the world’s first 5G driven cloud-based autonomous driving robot 

    0 shares
    Share 0 Tweet 0
  • LG, Samsung to Reveal Advanced AI-Based Fridges at CES 2020

    0 shares
    Share 0 Tweet 0
  • About Us
  • Account Page
  • application form
  • Cookie policy
  • Default Redirect Page
  • homepage
  • Login
  • login form
  • LogOut
  • Newsletter
  • Privacy Policy
  • Register
  • Reset Password
  • Sample Page
  • Subscription Plan
  • Terms of Use
  • test
  • test
  • testpage
  • TOS Page
  • Visitor Inside User Page

Copyright © 2021 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |

No Result
View All Result
  • Topics
    • Naver
    • Kakao
    • Nexon
    • Netmarble
    • NCsoft
    • Samsung
    • Hyundai
    • SKT
    • LG
    • KT
    • Retail
    • Startup
    • Blockchain
    • government

Copyright © 2021 KoreaTechToday | About Us | Terms of Use |Privacy Policy |Cookie Policy|Contact : [email protected] |