SK Hynix Plans Additional
$14.6 Billion AI Chip Investment in South Korea
The company will first
complete construction of chip fabrication facilities southwest of Seoul by
November 2025
SK
Hynix plans to invest an additional $14.6 billion to expand its semiconductor production
capacity in South Korea to meet growing demand for artificial-intelligence chips.
The
South Korean memory-chip maker said Wednesday that it will spend more than 20 trillion
won ($14.56 billion) to expand the facilities of its DRAM chip factory in Cheongju,
southwest of Seoul.
Under
the new long-term spending plan, SK Hynix said it would first complete the KRW5.3-trillion
construction of chip fabrication facilities in Cheongju by November 2025.
The
plant expansion aims to boost the production of high bandwidth memory and other
advanced AI chips, it said.
The
company’s new investment plan is on top of a separate plan to invest KRW120 trillion
to create a new chip production cluster in Yongin, north
of Cheongju.
SK
Hynix also plans to build $3.87 billion AI-chip packaging facilities in the U.S.