SK's Chey Calls for Faster Chip Expansion at Shanghai Forum
SK Group Chairman Chey Tae-won warned that South Korea's market share will shrink if China or Micron add semiconductor capacity faster.
SK Group Chairman Chey Tae-won called for rapid expansion of semiconductor capacity, warning that South Korea's market share will shrink if China or Micron add capacity faster, according to etnews.com. He made the remarks at the 38th Shanghai Mayor's International Business Leaders Advisory Council on October 11, 2026.
Chey said expansion should happen not only in Gwangju but everywhere capacity can be added, citing strong demand and constraints on building new plants. SK also said it is pursuing an AI R&D center in Shanghai.
He added that Chinese chipmakers are catching up fast and that SK cannot expand in the Chinese market, limiting its ability to compete there.
On October 9, 2025, Chey visited the Gwangju military airport site of the Honam semiconductor cluster and said SK would build as fast and as much as possible once construction is permitted, according to etnews.com.
Chey attended the Shanghai advisory council for the second consecutive year, following last year's attendance.
Quick answers
When did Chey Tae-won speak at the Shanghai advisory council?
He spoke at the 38th Shanghai Mayor's International Business Leaders Advisory Council on October 11, 2026.
What did SK Group say about an AI R&D center?
SK said it is pursuing an AI R&D center in Shanghai.
Why is SK pushing for faster semiconductor expansion?
Chey warned that if China or Micron add capacity faster, South Korea's market share will shrink, citing strong demand and constraints on building new plants.