SK Hynix board approves $38 billion investments for South Korea's Yongin, Cheongju chip plants
The company said Yongin's "Y2 fab" is the second of four fabrication plants planned for the cluster and will serve as a production base for dynamic random access memory (DRAM) chips. DRAM, which temporarily stores data for processors, is a critical component in the servers powering the AI boom.
SK Hynix's board has approved a $38 billion investment for its chip plants in South Korea. The company plans to build a new DRAM facility in Yongin, which will serve as a production base for dynamic random access memory chips, a critical component in servers powering the AI boom, according to the Economic Times Tech.
The investment will also go towards a NAND fabrication plant in Cheongju, with Bloomberg reporting that the Yongin facility will cost around $24.7 billion and the Cheongju plant around $13.3 billion.
The expansion comes amid a surge in memory prices due to short supply and huge demand, with investors closely watching for any changes to the supply-demand imbalance, as reported by CNBC Technology and CNBC.
Brief written by urgent.news from Economic Times Tech, CoinDesk, Techmeme, CNBC Technology, CNBC — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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