South Korea's SK Group to boost ties with Japan chip equipment makers, Nikkei says

SK

24/05/2024 02:11

SEOUL, May 24 (Reuters) - SK Group, South Korea's
chip-to-battery conglomerate, aims to boost ties with Japanese
chip equipment and materials makers, SK Group Chairman Chey
Tae-won was cited as saying in an interview with Nikkei. 
    "We will further strengthen cooperation with Japanese
chipmaking equipment makers and chip materials suppliers, and
will consider increasing investment (in Japan)," Chey said in
the interview published late on Thursday. 
    SK Group affiliates include SK Hynix  000660.KS , the
world's No.2 memory chip maker.
    His comments come ahead of an upcoming trilateral summit
between South Korea, China and Japan, the first in more than
four years. Leaders of the three countries will adopt a joint
statement on areas including the economy and trade, the office
of South Korean President Yoon Suk Yeol said. 
    Given rising demand for high bandwidth memory (HBM)
semiconductors used in artificial intelligence chipsets, Chey
said the South Korean company is "investigating the possibility
of manufacturing the products in other countries, such as Japan
and the United States," according to Nikkei.
    Chey, who also serves as the chairman of the Korea Chamber
of Commerce and Industry, said South Korea and Japan could
deepen their collaboration in the energy sector.

 (Reporting by Ju-min Park; Editing by Ed Davies)
 ((ju-min.park@thomsonreuters.com; Reuters Messaging:
ju-min.park.thomsonreuters.com@reuters.net))