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Saudi Arabia’s stc Group Boosts Network Capacity in Madinah to Serve Pilgrims

stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)
stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)
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Saudi Arabia’s stc Group Boosts Network Capacity in Madinah to Serve Pilgrims

stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)
stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%. (SPA)

Saudi Arabia’s stc Group has deployed its technical expertise and digital services to support the thousands of pilgrims visiting Madinah following the Hajj, reported the Saudi Press Agency on Saturday

stc significantly expanded its data network capacity in Madinah, exceeding last year's capacity by over 35%.

This enhancement ensured smooth operation of 5G services, keeping pace with the surging demand for high-speed data. As a result, data traffic volume surged by more than 60% compared to the previous year, building upon the success achieved in Makkah city and the holy sites.

Committed to serving pilgrims, stc played a vital role in facilitating their digital experience. The group meticulously planned for the Hajj season by studying call and data usage patterns in Madinah. It analyzed performance indicators to proactively activate and optimize phone and data services before and during the season.

The comprehensive plan encompassed a thorough inspection of network elements, preventive maintenance, and performance testing to verify network stability. stc analyzed call traffic and data flow patterns to develop contingency plans and ensure network resilience.

stc further expanded its service offerings to enrich the spiritual experience of visitors in Madinah. The group strategically enhanced Wi-Fi access points and implemented internal solutions, aiming to facilitate communication between pilgrims and their families.

This commitment aligns with the Pilgrim Experience Program, a key initiative within Saudi Arabia's Vision 2030, ensuring the highest service quality for all pilgrims.

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South Korea's SK Hynix to Invest $75 Bln by 2028 in AI, Chips

The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters)
The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters)
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South Korea's SK Hynix to Invest $75 Bln by 2028 in AI, Chips

The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters)
The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. (Reuters)

South Korea's SK Hynix, the world no.2 memory chip maker, will invest 103 trillion won ($74.6 billion) through 2028 to strengthen its chips business, focusing on AI, its parent SK Group said on Sunday.

SK Group also said it plans to secure 80 trillion won by 2026 to invest in artificial intelligence and semiconductors as well as fund shareholder returns, while streamlining its more than 175 subsidiaries.

The sprawling conglomerate outlined the plans following a two-day strategy meeting, aiming to revive the group after SK Hynix, its main money maker, and the group's electric vehicle battery arm suffered heavy losses.

SK Group said it sought to improve its competitiveness by focusing on its AI value chain, including high bandwidth memory (HBM) chips, AI data centres and AI services such as personalised AI assistants.

At a time of transition, a "preemptive and fundamental change is necessary," SK Group Chairman Chey Tae-won was quoted as saying in the statement

During the meeting, the executives also agreed to take gradual steps to adjust the number of subsidiaries in the group to a "manageable range", without specifying the scale of the reduction.

Local media had said SK Innovation, which owns the county's largest oil refiner and battery maker SK On, was expected to pursue a merger with profitable gas affiliate SK E&S.

The group expects its profit before tax to reach around 22 trillion won this year, turning around from a loss last year, with the goal of hitting 40 trillion won in profit before tax by 2026.

South Korea, home to the world's top memory chip makers Samsung Electronics and SK Hynix, has fallen behind some rivals in areas such as chip design and contract chip manufacturing.

Earlier this year, the government announced a 26 trillion won ($19 billion) support package for its chip businesses, citing a need to keep up in areas like chip design and contract manufacturing amid 'all-out warfare' in the global semiconductor market.