SK Draws Future Growth Strategy in Silicon Valley, USA

'2022 SK Global Forum' Held from 10th to 12th
Understanding Trends in New Business Areas with Local Experts
Networking Platform to Strengthen Global Competitiveness

Kim Jun, Vice Chairman of SK Innovation

[Asia Economy Reporter Oh Hyung-gil] SK Group is drawing a blueprint for future growth strategies with over 300 experts in semiconductors, batteries, and eco-friendly sectors in Silicon Valley, USA.

From the 10th, SK Group will hold the '2022 SK Global Forum' for three days and two nights in San Jose, California, USA, to understand trends in the so-called 'BBC' fields?semiconductors, batteries, and bio?and the eco-friendly sector, and to find future growth engines.

Started in 2012, the Global Forum invites experts related to SK's core businesses such as energy & chemicals, information and communications, semiconductors, bio, and electric vehicle batteries to share global market and technology trends and discuss growth strategies.

This year, five companies?SK Innovation, SK Telecom, SK Hynix, SK Siltron, and SK㈜ C&C?will participate, focusing independently on the business portfolios that each affiliate specializes in.

At SK Innovation, which is transforming its business model into eco-friendly businesses under the 'Carbon to Green' strategy, top executives including Vice Chairman Kim Jun (Chairman of SK Environmental Business Committee) and President Ji Dong-seop of SK On will attend the forum.

The forum will be held under four themes: the current status and prospects of carbon dioxide reduction technologies; energy and chemical companies' response strategies to achieve Net Zero; the current state of resource circulation systems such as plastic waste recycling; and innovative technologies for commercializing next-generation batteries. Industry and academic experts will exchange diverse opinions to support SK Innovation's transition into an eco-friendly energy and materials company.

SK Hynix and SK Siltron will also hold forums and group meetings focusing on enhancing competitiveness in next-generation semiconductors and materials.

SK Hynix plans to invite semiconductor experts to discuss recent technologies and R&D trends in DRAM, NAND flash, system-on-chip (SoC), and packaging fields, followed by discussions on cooperation methods.

After acquiring Intel's NAND business unit in the US last year, SK Hynix established the NAND subsidiary Solidigm in San Jose and is pushing forward with building a semiconductor R&D center in Silicon Valley, showing strong commitment to its semiconductor business in the US.

SK Siltron, which acquired and expanded a silicon carbide (SiC) wafer factory?a key material for power semiconductors?in Michigan, USA, will hold a forum on SiC wafers.

SK Telecom and SK㈜ C&C, which regard artificial intelligence (AI), machine learning, data solutions, and blockchain as core technologies for next-generation business, will also hold forums and expert meetings on digital transformation and related topics.

An SK official said, "SK and local experts have come together to form a 'collective intelligence' that shares global major industry trends and technologies," adding, "We plan to build this into a networking platform that accumulates know-how and achievements to enhance the competitiveness of both SK and South Korea."

This content was produced with the assistance of AI translation services.