CNBC·3 min read·medium
SK Hynix to invest $38 billion building new memory chip plants
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Arjun Kharpal
✦AI Summary
SK Hynix plans to invest $38.1 billion to build two new memory chip plants in South Korea to meet rising demand for AI-related hardware. The facilities are expected to begin production by 2029 to support the growing need for high-bandwidth memory.
SK Hynix said on Friday it will invest 54 trillion Korean won ($38.1 billion) to build two new memory chip manufacturing plants, as demand for the components, which are key to AI, continues to grow.
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