But the positive impact from the AI boom is expected to trickle down to other sectors beyond the chip industry, Chey said.“Big Tech companies share the view that they may need nuclear power later to cover a massive amount of energy AI data center will consume,” said Chey.“Any changes in the energy mix (driven by Big Tech’s AI transition) will unlock opportunities for us.”He met chiefs of Big Tech firms including Nvidia Corp., Taiwan Semiconductor Manufacturing Company Ltd.(TSMC), OpenAI, Microsoft Corp.and Amazon.com Inc.during his recent overseas business trips.
He noted businesses profiting now are those in the AI value chain, and Big Tech companies are not shy about making huge investments to lead the AI race.“Bumpy roads are expected but there is no doubt that the AI industry is on an upward trajectory,” said the chief.“The AI advancement will allow SK to do hardware business for AI data centers and develop related service models like large language models (LLMs).”“Once a (right) business model is in place, the (AI) industry will develop in its own business cycle,” added Chey.
SK Group owns SK Innovation Co., Korea’s major oil refiner and battery maker, and 10 other energy-related affiliates.“Every change driven by AI is an opportunity for us,” said Chey, urging employees to seek the right direction that will lead the company to a promising future.
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