SK Hynix to invest $38 billion building new memory chip plants as demand soars
2 sources·Updated August 7, 2026
Covered by 2 sources
- ET Markets·16h agoGlobal Market: SK Hynix approves $38.3 billion investment plan through 2031 to expand AI chip production
SK Hynix approved investments of 54.3 trillion won through 2031 to expand semiconductor production, targeting rising AI-driven demand. Funds will support new DRAM facilities in Yongin and NAND flash capacity in Cheongju. The company also plans additional shareholder return…
Read at ET Markets → - CNBC Top News·17h agoSK Hynix to invest $38 billion building new memory chip plants as demand soars
Memory prices have surged because of short supply and huge demand with investors watching closely for any changes to the supply-demand imbalance.
Read at CNBC Top News →
