SK hynix to invest W54tr in new Yongin, Cheongju fabs

SK hynix said Friday it will invest about 54 trillion won ($38.1 billion) to build new semiconductor fabs in Yongin and Cheongju, accelerating its capacity expansion as artificial intelligence drives demand for memory chips. The chipmaker’s board approved 35.2 trillion won for Y2, its second fab at the Yongin Semiconductor Cluster in Gyeonggi Province, and 19.1 trillion won for M17, a new NAND flash production facility in Cheongju, North Chungcheong Province. The investments are part of a long-t