SK Hynix to build $51 billion NAND memory chip factory by 2029
SEOUL: SK Hynix said on Thursday that it plans to invest 80 trillion won ($51.46 billion) to build a new factory for NAND memory chip production by 2029 to address a shortage driven by the AI boom.
SK Hynix plans to start construction of the new fab, called M17, in the South Korean city of Cheongju next year, according to its plan laid out at an event attended by its CEO Kwak Noh-jung and South Korean President Lee Jae Myung.
