{"id":799485,"date":"2022-09-06T10:36:22","date_gmt":"2022-09-06T10:36:22","guid":{"rendered":"https:\/\/telecomlive.in\/web\/2022\/09\/06\/sk-hynix-to-invest-11-billion-in-new-south-korea-chip-plant\/"},"modified":"2022-09-06T10:36:22","modified_gmt":"2022-09-06T10:36:22","slug":"sk-hynix-to-invest-11-billion-in-new-south-korea-chip-plant","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2022\/09\/06\/sk-hynix-to-invest-11-billion-in-new-south-korea-chip-plant\/","title":{"rendered":"SK Hynix to invest $11 billion in new South Korea chip plant"},"content":{"rendered":"<p>SK Hynix Inc, the world&#8217;s second-largest memory chip maker, said on Tuesday it will invest 15 trillion won ($10.9 billion) over the next five years to build a new chip plant in South Korea.<\/p>\n<p>Construction of the facility, called M15X, will begin in October and be completed early 2025 in Cheongju, south of Seoul, SK Hynix said in a statement.<\/p>\n<p>The plant will make memory chips, but whether it will be DRAM chips or NAND flash chips will be determined according to market conditions, a company spokesperson said, declining to comment on its planned capacity.<\/p>\n<p>SK Hynix has DRAM production facilities in Icheon, South Korea, NAND flash chip production plants in Cheongju, as well as production plants in Wuxi, Chongqing and Dalian, China.<\/p>\n<p>Its parent, SK Group, recently announced plans to build a chip packaging facility in the United States.<\/p>\n<p>Memory chip demand is falling as demand for gadgets drops in response to inflation, the global economic slowdown and supply chain uncertainties.<\/p>\n<p>SK Hynix noted that experts forecast a recovery from 2024 and a rebound in 2025, with the cyclical nature of the business becoming less volatile compared to past years.<\/p>\n<p>&#8220;The plan to build the M15X comes as SK Hynix prepares for the next upturn expected to come in 2025,&#8221; it said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SK Hynix Inc, the world&#8217;s second-largest memory chip maker, said on Tuesday it will invest 15 trillion won ($10.9 billion) over the next five years to build a new chip plant in South Korea. Construction of the facility, called M15X, will begin in October and be completed early 2025 in Cheongju, south of Seoul, SK Hynix said in a statement. The plant will make memory chips, but whether it will be DRAM chips or NAND flash chips will be determined according to market conditions, a company spokesperson said, declining to comment on its planned capacity. SK Hynix has DRAM production [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-799485","post","type-post","status-publish","format-standard","hentry","category-it-2"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=799485"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/799485\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=799485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=799485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=799485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}