SK hynix commits USD 39.42 billion to expand AI memory chip fabs
Seoul [South Korea], August 7 (ANI): 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.
According to SK hynix, the capital expenditure decision, approved during a company board meeting, allocates 35.2 trillion won (USD 25.70 billion) for the Yongin “Y2” facility and 19.1 trillion won (USD 13.94 billion) for the Cheongju “M17” facility.
