SK Materials Airplus is predicted to handle the design and installation of gas pipes when SK Ecoplant constructs artificial intelligence (AI) data centers and other plants, the industry sources said.“SK Ecoplant is seeking a future growth drive in the AI data center construction business,” said one of the sources.“Once the business restructuring is completed, SK Ecoplant will be one of the three cores along with SK Hynix and SK Telecom for the group’s AI strategy.”SK Hynix, the world’s second-largest memory chipmaker, is the leading global manufacturer of high-bandwidth memory (HBM) chips, core semiconductors in powering AI devices.SK Telecom Co., South Korea’s top mobile carrier, works on various AI businesses.
The restructuring, along with SK Ecoplant’s merger with SK Materials Airplus Inc., the group’s other profitable unit, is expected to accelerate the builder’s initial public offering, industry sources said on Tuesday.SK Inc., the group’s holding company, and SK Ecoplant plans to discuss the construction unit’s takeover of the consumer memory and storage maker Essencore Ltd.of SK S.E.Asia Pte., Singapore-based special purpose company wholly owned by SK Inc., according to the sources in Seoul.
SK Ecoplant Co., a South Korean construction engineering and waste management company, is set to merge a profit-making technology subsidiary of the parent SK Group as the country’s second-largest conglomerate is seeking to streamline its business to focus on promising growth sectors.
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