SK chief vows to speed up construction of new chip cluster in southwest
SK Group Chairman Chey Tae-won said Friday his business group will make efforts to build a new semiconductor cluster in the southwestern part of the country as quickly as possible to meet growing global demand. Chey made the remarks during a visit to Gwangju Air Base in the southwestern Jeonnam-Gwangju region, where SK hynix Inc. has proposed building a new chip cluster. "Once the conditions are…
SK Group Chairman Chey Tae-won pledged on Friday to expedite the development of a new semiconductor cluster in the southwest of the country to satisfy escalating global demand for chips. The chairman's comments came during a trip to Gwangju Air Base in Jeonnam-Gwangju, where SK hynix Inc. has suggested constructing the new facility.
Chey stated that once all requirements are fulfilled, the company intends to construct the cluster as swiftly as possible. He emphasized that the rising demand for chips necessitates a faster pace of supply to meet the increasing need. The chairman added that the conglomerate still needs to finalize the start date for construction but stressed that it aims to break ground as soon as feasible.
Chey highlighted that chip demand is projected to increase substantially, noting that the proposed site would be approximately two-thirds the size of the current one being built in Yongin, located south of Seoul. This marked SK hynix's chairman's inaugural visit to the region since the company revealed its construction plan in June.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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