South Korean conglomerate SK Group has announced $22 billion in investments in the United States across a broad complex of sectors, including large-capacity batteries, electric vehicle charging manufacturing, semiconductor manufacturing, and pharmaceuticals.
This is in addition to the company's recent announcement of a $7 billion investment in EV batteries.
SK will invest the half of its total investment amount in the U.S. in the semiconductor ecosystem. This money will fund R&D programs in partnership with the leading American universities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.