Seoul: The world's second-largest maker of memory chips, SK Hynixsaid on Friday it had decided to invest about 9.4 trillion won ($6.8 billion) in its first attempt. Chip Plant In the South Korean city of Yongin.
nvidia the supplier, which on Thursday reported its highest earnings since 2018 and Marked rising demand for AI chipsplans four new investments from 2019 Piece The plant will be set up in a semiconductor cluster near Seoul.
“The Yongin cluster will form the basis for SK Hynix's mid- to long-term development,” said company chief Kim Young-sik. Production technology,
The aim of this investment is to meet the demand AI Semiconductors This will help secure future growth, SK Hynix said in a regulatory filing.
SK Hynix said in a statement that the sprawling 4.2 million square meter site will eventually house the company's four planned chip plants producing next-generation semiconductors, as well as more than 50 smaller local companies in the chip industry.
Friday's figure includes work to be done on the first plant by the end of 2028, including utilities such as water and electricity, as well as business support and welfare facilities.
The company said it will include a “mini-fab” or research facility that will be able to process 300-mm silicon wafers, allowing domestic chip materials and equipment makers to test their products in a real setting.
The news comes after the company announced in April its plan to invest around $3.87 billion in the US state of Indiana for an advanced packaging plant and a research and development facility for AI products.
nvidia the supplier, which on Thursday reported its highest earnings since 2018 and Marked rising demand for AI chipsplans four new investments from 2019 Piece The plant will be set up in a semiconductor cluster near Seoul.
“The Yongin cluster will form the basis for SK Hynix's mid- to long-term development,” said company chief Kim Young-sik. Production technology,
The aim of this investment is to meet the demand AI Semiconductors This will help secure future growth, SK Hynix said in a regulatory filing.
SK Hynix said in a statement that the sprawling 4.2 million square meter site will eventually house the company's four planned chip plants producing next-generation semiconductors, as well as more than 50 smaller local companies in the chip industry.
Friday's figure includes work to be done on the first plant by the end of 2028, including utilities such as water and electricity, as well as business support and welfare facilities.
The company said it will include a “mini-fab” or research facility that will be able to process 300-mm silicon wafers, allowing domestic chip materials and equipment makers to test their products in a real setting.
The news comes after the company announced in April its plan to invest around $3.87 billion in the US state of Indiana for an advanced packaging plant and a research and development facility for AI products.