# SK Group plans $835M fund for ICT alliance of three subsidiaries

SK Group announced plans to launch a consultative body and create a fund worth 1 trillion won ($835 million) to grow SK Telecom, SK Square, and SK Hynix with a focus on ICT. The announcement was made on January 9, 2022.

- Type: Investment
- Announced: 2022-01-09
- Where: South Korea
- Value: $835.0M
- Status: announced
- Products: AI semiconductors, memory chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md)
- [SK Telecom](https://endata.com/companies/34127.md)
- [SK Square](https://endata.com/companies/60200.md)
- [SK디앤디](https://endata.com/companies/20456.md) (investor)

## Sources

- [kedglobal.com](https://www.kedglobal.com/ces-2022/newsView/ked202201090001), 2022-01-09: "To build a memory chip that goes beyond the standardized use of semiconductors, we must work together with AI memory chip makers like SAPEON Inc."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.