SK Hynix bets $38B on two new memory-chip fabs to satisfy AI demand
TL;DR
SK Hynix announced a 54 trillion won ($38.1B) investment to build two memory-chip fabrication plants—Y2 in Yongin for DRAM and M17 in Cheongju for NAND—as AI-driven demand keeps memory prices high; the move is part of a broader master plan to invest 600 trillion won in Yongin and 100 trillion in Cheongju.
- SK Hynix to invest $38 billion building new memory chip plants as demand soars CNBC
- Micron Stock Rises as Rival SK Hynix Reveals $38 Billion Memory Splurge Barron's
- SK Hynix board approves $38 bln investments for South Korea's Yongin, Cheongju chip plants Reuters
- SK Hynix to Spend $38 Billion on Chip Fab Expansion in Korea Bloomberg.com
- Two new SK hynix fabs target cleanroom openings in 2028 and 2029 Stock Titan
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