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SK Group is planning a major push into AI data centers $SKM
"We are considering 10 to 20 GW data centers at the level of power consumption of a major city."
SK's AI data center project in Ulsan is reportedly set to count $AMZN as a major customer
SK's energy business portfolio is seen as a major strength. Through SK Innovation and SK Gas, the group already has power generation capabilities, and it has also participated in investments in TerraPower, a U.S. SMR company
Another differentiating factor is SK hynix. SK hynix effectively leads the market for high bandwidth memory (HBM), a key component in AI semiconductors. The ability to secure the HBM supply chain, an essential part of AI data centers, within the group is regarded as an advantage that rivals will find difficult to match