[Exclusive] SK Hynix to build memory fab in Japan’s Miyagi

SK Hynix is set to build a memory chip fabrication plant in Miyagi, Japan, according to a recent report by the Hankyoreh. This marks the first major investment in a semiconductor plant by a Korean company in Japan. The plant, estimated at tens of trillions of won, would be SK Hynix's third overseas production facility, following similar plants in the US and Taiwan.

The decision aligns with SK Hynix's strategy to increase output capacity amidst a global semiconductor shortage. However, the move could face increased scrutiny from the US, which is pressuring Korea to expand chip production in America. Additionally, domestic concerns in Korea about investment in Japan's strategic semiconductor sector could pose further challenges.