SK hynix invests $55 million in its first AI entity Gauss Labs

SK hynix will invest $55 million in artificial intelligence solutions company Gauss Labs through 2022 to develop revolutionary semiconductor manufacturing solutions.

It is part of SK Group’s AI strategy to create new social value in the long run.

Gauss Labs, the first independent corporation from SK Group specializing in AI, aims to provide AI services that help production troubleshooting and cost reduction for such complex manufacturing industries.

The operations include process control, yield prediction, equipment maintenance, defect inspection, and fault prevention.

Gauss Labs will be using its AI technologies and SK hynix’s data from the manufacturing sites.

It will expand globally in the fields of energy, bio, and other manufacturing industries.

Gauss Labs plans to establish a Korean office later this month.

The group has been promoting various types of AI businesses with its affiliates.

Kim Young-han, a data scientist and tenured professor at the University of California, will serve as the CEO of Gauss Labs.

Kim recently worked as a data research fellow at SK hynix.