SK Hynix Board Approves $38 Billion Investments for South Korea’s Yongin, Cheongju Chip Plants
The investment will expand DRAM and NAND capacity as AI-driven demand keeps memory prices elevated, the company said.
- On Friday, South Korea's SK Hynix announced its board approved about 54.3 trillion won, or $38.30 billion, in investments through 2031 for the Y2 chip fabrication plant in Yongin and the M17 facility in Cheongju.
- These investments follow the company's "master plan" announced in June, which allocated 600 trillion won for the Yongin Semiconductor Cluster and 100 trillion won for Cheongju to meet surging AI demand.
- Allocations include 35.2 trillion won for the Y2 fab in Yongin, a production base for DRAM, and 19.1 trillion won for the M17 facility; Hynix stated supplying required volumes is the "ultimate competitive advantage."
- Construction of the M17 fab begins in February next year, with the first cleanroom opening in December 2028; the company is "actively reviewing" additional shareholder return measures for the third quarter.
- Counterpoint Research analyst Neil Shah noted that in the near term, "this won't alter SK Hynix's output" as the company targets 2029 and beyond, while Samsung maintains its lead in the global DRAM market.
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SK Hynix Commits USD 39.42 Billion to Expand AI Memory Chip Fabs
Get latest articles and stories on Business at LatestLY. South Korean semiconductor manufacturer SK hynix Inc. has decided to invest approximately 54 trillion won (USD 39.42 billion) to construct new fabrication plants in Yongin and Cheongju to meet expanding memory demand driven by artificial intelligence applications. Business News | SK Hynix Commits USD 39.42 Billion to Expand AI Memory Chip Fabs.
SK Hynix Makes a New $38 Billion AI Bet: Memory Plants For South Korea
SK Hynix is making one of its biggest bets yet on the artificial intelligence boom, announcing plans to invest 54 trillion Korean won, or about $38.1 billion, to expand its memory chip manufacturing capacity.
SK Hynix plans to invest about $38 billion to expand semiconductor production capacity in South Korea, seeking to accelerate manufacturing to meet the growing demand driven by the artificial intelligence boom. Exclusive material for subscribers. To have full access, access the material link and register.
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