toktok newsletter will keep you up-to-date with the latest news on SK and member companies.
From June 11 to 12 (local time), SK Global Forum was held in Silicon Valley in California, located in the west in the U.S. First launched in 2012, the forum invites experts in areas relevant to the core businesses of SK Group, including energy/chemicals, ICT, semiconductors, bio, and EV batteries to explore growth strategies for SK Group. This year’s forum brought together five SK member companies, including SK innovation, SK hynix, SK telecom, SK siltron, and SK Inc. C&C, with each company holding its independent forum focusing on its key business portfolio. Experts around the world gathered to share ideas and opinions for the member companies under their respective theme: business model transformation for eco-friendly businesses for SK innovation, measures to improve the competitiveness in the next-generation semiconductors and materials for SK hynix and SK siltron, and core technologies and digital transformation for next-generation businesses for SK telecom and SK Inc. C&C. SK Global Forum will continue to serve as a platform to share key global business and technology trends and evolve into a “networking platform” that will contribute to enhancing SK Group’s competitiveness.
On June 9, SK hynix began commercialization of “HBM3,” the best-performing DRAM to date in the world. Short for “High Bandwidth Memory,” HBM is a high-performing, high value-added product that has revolutionized data processing speed of the traditional DRAM. The fourth-generation HBM, HBM3 by SK hynix processes 819GB of data per second, which equates to the capability of transmitting 163 full-HD movies that are 5GB each in just one second. After developing the world’s first HBM3 in late October 2021, SK hynix successfully commercialized HBM3 in only seven months and is scheduled to supply the products to NVIDIA, a U.S. producer of AI semiconductors. SK hynix plans to target global big tech companies grappling with processing exponentially increasing volumes of data and grow its presence in the super-speed AI semiconductor market.
On May 31, SK E&S takes its first step in collaboration with Plug Power (hereafter “Plug”) to open the era of clean green hydrogen based on electrolysis technology. SK Plug Hyverse, a joint venture between SK E&S and Power Plug, signed an agreement with Korea Gas Corporation for supply of 1MW-class polymer electrolyte membrane (PEM) equipment for electrolysis, a process that extracts hydrogen by using electricity to split water. The electrolysis equipment, to be supplied by SK Plug Hyverse, produces hydrogen by applying electrical current to water to split hydrogen and oxygen, marking the first MW-scale PEM electrolysis equipment introduced in Korea. The pilot project in Jeju is expected to mark a meaning first step towards domestic production of electrolysis equipment in Korea and targeting overseas electrolysis markets, which are expected to grow fast.
The bid for commercialization of Urban Air Mobility in Korea (K-UAM) has fully begun. On May 31, together with the Korea Airports Corporation, Hanwha Systems, Korea Meteorological Institute, and Land and Geospatial Informatrix Corporation, SK telecom submitted its proposal for participation in the first phase of the “Korean Urban Air Mobility Grand Challenge (“K-UAM Grand Challenge” in short),” organized by the Ministry of Land, Infrastructure, Transport and Tourism. Often dubbed an “air taxi” or “flying taxi,” UAM offers electric vertical takeoff and landing, removing the need for runways, and can be connected to land transportation services. Drawing from the cumulative experience in UAM operation of Joby Aviation, SK telecom’s global partner in UAM aircraft and operation, through NASA’s test campaigns (called “AAM National Campaign”), SK telecom plans to deliver differentiated testing from the initial stage of K-UAM Grand Challenge. On top of its zero carbon footprint, UAM is expected to address the massive social cost of issues related to transportation, and the target for its commercialization in Korea is 2025.