By Jared Gudnason 

Writer/Reporter 

SK Hynix is a South Korean conglomerate, founded in February 1983. It previously operated under the name Hyundai Electronics, the same as the car company. At present, they produce numerous software products including central processing unit memory chips.  

Officially incorporated that year, late founder Chung Ju-yung, simultaneously the founder of Hyundai Auto, had been in the industry since the early 1940s. During the Korean War, he briefly ceased operations and lived with family in Busan, South Korea. After Seoul was liberated, he returned and continued to grow a now-worldwide company. 

Starting last week, SK Hynix achieved a 13-percent increase on Wall Street due to the surge in popularity of its memory chips, as demand grew with the ever-increasing advertising of generative artificial intelligence (AI). Per reports, SK began trading on the Nasdaq July 10, last Friday. SK has partnered with Wall Street’s most profitable company, Santa Clara, California’s Nvidia, to produce state-of-the-art chip software. Associated Press writer Damian J. Trose additionally commented that SK also recently partnered with Samsung, Inc.  

SK Hynix was recently approved to construct a $500 billion (800 trillion Korean won) manufacturing center in the southwest of the country, geographically opposite of Seoul. While headquartered in Incheon, South Korea, the operability of SK overall, especially since last week, stands to grow massively in the coming months, and years.  

In addition to founding what became SK, Chung Ju-yung unsuccessfully ran as a unification candidate for Korean president during the early 1990s. South Korea has been separated from the North since 1948 and was rooted in the aftermath of World War II. While SK stock dipped in South Korea by 0.3 percent, large software manufacturers hold the highest value on Wall Street evidenced by the uptick of late last week.