SK Chief Vows to Speed up Construction of New Chip Cluster in Southwest
Samsung Electronics and SK Hynix each plan to invest about 400 trillion won to build two chip fabs apiece in the cluster, officials said.
- On Friday, Group Chairman Chey Tae-won visited Gwangju Air Base, announcing that SK Hynix plans to accelerate construction of a new semiconductor cluster in southwestern South Korea to meet rapidly growing global chip demand.
- Chey noted that semiconductor demand is growing significantly, with the proposed Gwangju facility planned at two-thirds the size of the Yongin Semiconductor Cluster, which SK previously accelerated by 12 years.
- Samsung Electronics and SK Hynix each plan to invest 400 trillion won to build two chip fabrication plants apiece on the site, which will span about 8.26 million square metres.
- Construction timelines remain undetermined, as the company must align development with government infrastructure plans for water and power; Chey stated, "If necessary, it seems we may have to build in parallel."
- While the group still needs to determine the construction start date, Chey confirmed the company intends to break ground as soon as possible, stating, "I can't give an answer today on when that will be.
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SK Group Chairman Chey Tae-won visited the "Honam Semiconductor Fab Construction Site" for the first time on the 9th and stated, "Since (semiconductor demand) is increasing rapidly, if conditions allow us to build (the fab) here, we will proceed with it at the fastest possible speed and as quickly as possible." Chairman Chey [visited] Jeonnam that afternoon
(Gwangju, Jeonnam = Yonhap News) Reporter Jang Deok-jong = SK Group Chairman Chey Tae-won visited the Gwangju Military Airport, the site for the Honam Semiconductor Cluster, on the 9th and said, "Now that the situation has become suitable for construction..."
SK Group Chairman Chey Tae-won is pushing for the expansion of the semiconductor supply chain by mentioning a large-scale investment plan in the Honam region equivalent to two-thirds of the Yongin semiconductor cluster to meet the surging demand for AI semiconductors.
Min Hyung-bae, Mayor of Gwangju, South Jeolla Province, and Choi Tae-won, Chairman of SK Group, are inspecting the site for the Honam Semiconductor Cluster on the afternoon of the 9th, visiting the planned relocation site for the military airport ammunition depot. / Photo courtesy of Gwangju City Hall, South Jeolla Province [Asia News Communication = Reporter Ko Jeong-eon]
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