SK hynix will "double its wafer production capacity within the next five years," according to SK Group Chairman Chey Tae-won on Tuesday, the first time SK Group has publicly disclosed a concrete target for expanding production capacity.

SK Group Chairman Chey Tae-won met Nvidia Chief Executive Officer Jensen Huang in Taipei, Taiwan on Monday for talks on artificial intelligence memory cooperati

Chey Tae-won was speaking at the Computex conference in Taipei, where executives from some of the world's top technology companies, including Nvidia, are gathering.