AI’s memory hunger is pushing SK hynix into a massive expansion, with the chipmaker committing about $38.1 billion to two new factories in South Korea.
SK hynix said its board approved 54.3 trillion won (approx. $38.1 billion) for two new semiconductor fabrication plants, as demand for memory chips used in AI infrastructure continues to climb.
The company will spend 35.2 trillion won (approx. $24.8 billion) on the Y2 fab in Yongin and 19.1 trillion won (approx. $13.5 billion) on the M17 facility in Cheongju. The investment is part of SK hynix’s longer-term plan to expand production capacity as AI data centers consume increasing amounts of…
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