Home / Business and Economy / SK Hynix Invests $51 Billion for AI Chip Boom
SK Hynix Invests $51 Billion for AI Chip Boom
2 Jul
Summary
- SK Hynix to invest 80 trillion won by 2029 for a new NAND memory chip factory.
- The M17 fab construction in Cheongju begins next year to meet AI demand.
- An additional 20 trillion won will fund a new chip packaging factory by late 2027.
SK Hynix announced a significant investment of 80 trillion won, approximately $51.46 billion, to establish a new facility for NAND memory chip production by 2029. This strategic expansion is a direct response to the escalating demand driven by the artificial intelligence sector.
The construction of the new fab, designated as M17, is scheduled to commence next year in Cheongju, South Korea. This initiative aims to bolster the supply of essential memory chips.
In addition to the new fabrication plant, SK Hynix plans to allocate another 20 trillion won towards building a new chip packaging factory. This facility is anticipated to be completed by late 2027, further enhancing its memory chip manufacturing capabilities.
