SK Hynix is pouring $38 billion into new memory chip plants for AI

The South Korean chipmaker approved 54 trillion won for fabs in Yongin and Cheongju, targeting cleanroom openings in 2028 and 2029

Memory prices have surged because of short supply and huge demand with investors watching closely for any changes to the supply-demand imbalance.

SK Hynix board approves $38 bln investments for South Korea's Yongin, Cheongju chip plants  Reuters

SEOUL, Aug 7 : South Korea's SK Hynix said on Friday that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.1 trillion won for its M17 chip plant in Cheongju.In June

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 Semicondu