Sk hynix to invest 54.3 tln won in Yongin's Y2 fab, Cheongju's M17 fab

SK hynix, the world's second-largest memory chip maker, has announced plans to invest a combined 54.3 trillion won ($38.3 billion) in the construction of two new semiconductor fabrication plants (fabs) in Yongin and Cheongju, South Korea. The first, the Y2 fab in Yongin, will cost 35.2 trillion won and is set to begin construction in July 2024, with its first cleanroom opening in June 2029 for the production of high-bandwidth memory (HBM) and other next-generation DRAM products.

SK hynix selected Cheongju as the site for its new NAND flash memory fab due to its shorter construction timeline, as the city already hosts existing fabs M11, M12, and M15, allowing for efficient integration with existing infrastructure. This investment aligns with South Korea's government initiative to boost advanced technologies nationwide and position the country as a global industrial powerhouse in the AI era.

Brief written by urgent.news from Yonhap News's own syndicated text. Machine-written — read the original for the full account.