Nvidia supplier SK Hynix to invest $6.8 bln in South Korea chip plant

SEOUL: The world’s second-largest maker of memory chips, SK Hynix, said on Friday it had decided to invest about 9.4 trillion won ($6.8 billion) in its first chip plant in the South Korean city of Yongin.

The Nvidia supplier, which reported on Thursday its highest earnings since 2018 and flagged rising AI chip demand, has been planning investment since 2019 on four new chip plants at a semiconductor cluster at the site near Seoul.