SK Group Chairman Chey Tae-won said on the 10th that "the semiconductor industry now clearly does not move on the same cycle as before," adding that "right now the gap between demand and supply is enormously large, and in terms of growth pace, demand is outstripping supply." Speaking at a briefing with Korean correspondents at the Nasdaq MarketSite in Manhattan, New York, Chey stated, "The artificial intelligence (AI) we see now is only at the level of a 4-to-5-year-old child, so to reach artificial general intelligence (AGI, AI that learns, reasons, and solves problems on its own like humans), it must learn an enormous amount of information, and the storage medium for that can only be memory chips." Regarding U.S. investment, he stressed that "to build a memory chip fab (production plant), various requirements must be met, including electricity, clean water, and large sites of land," adding, "If there is a location that meets those conditions, I will not care whether it is in the United States or anywhere else in the world," but noted, "we can review it, but our position is not that we will definitely do it." Meeting reporters to mark SK hynix's ADR listing on the Nasdaq, Chey hinted at a par-value split of common shares on Korea's KOSPI market, saying, "If the chief financial officer (CFO) requests it, of course we will do