SK Hynix to invest $38 billion building new memory chip plants as demand soars

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

A rendering of the SpaceX Terafab semiconductor factory, which it's building in the rural community of Grimes County, Texas. SpaceX SpaceX released a rendering of its Terafab semiconductor factory on Thursday. The rendering features four rectangular-shaped buildings and an attached, futuristic roadway. SpaceX said the

After months of speculation, the companies formally announced the massive project will happen just north of Houston.

The V4 Superchargers will show up in the Tesla nav app and have NACS and CCS1 plugs.