SK Hynix to spend $64 billion on chip plants under broader AI-driven investment plan

SK Hynix said it would invest 100 trillion won ($64.38 billion) to build new chip plants, including one for NAND flash memory, as part of a massive South Korean investment drive aimed at spreading returns from the AI boom beyond Seoul.

The projects in the central city of Cheongju outlined on Thursday are included in a broader $2.1 ‌trillion plan unveiled by the ⁠chipmaker and ⁠its local rival Samsung Electronics this week that also included a new chip cluster in the southwest and existing projects.