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SK Hynix logo design presented on a phone display as seen in this image picture absorbed Krakow, Poland on January 30, 2023.
Jakub Porzycki|Nurphoto|Getty Images
Memory chip titan SK Hynix on Friday stated it prepares to spend 9.4 trillion Oriental won ($ 6.8 billion) to develop a brand-new semiconductor factory in an arising chip center in South Korea.
The construction plant â $” or great â $” will certainly be integrated in South Korea’s Yongin Semiconductor Collection simply southern of the nation’s funding of Seoul, where the federal government is seeking to develop a huge facility of chip procedures.
This will certainly be SK Hynix’s very first factory in the collection, with building slated to start in March following year and to finish the job in May 2027.
South Korea’s SK Hynix is among the globe’s leading 3 manufacturers of memory chips, which enter into whatever from laptop computers to web servers. Extra just recently, the firm has actually had success with its high-bandwidth memory, which it provides to Nvidia.
Previously this year, SK Hynix dedicated 120 trillion won to develop 4 fabs in the Yongin collection. The continuing to be 3 will certainly be established at a later day.
The hostile financial investment highlights both SK Hynix and the South Oriental federal government’s press to keep the nation’s lead in the location of memory, which is necessary to expert system applications. Seoul has actually dedicated billions of bucks on behalf of its ventures in semiconductors â $” a modern technology that has actually progressively been viewed as critical to federal governments.
South Korea is likewise home to Samsung, the globe’s largest memory chip manufacturer.
SK Hynix has actually been riding the AI wave and its collaboration with Nvidia, today reporting that second-quarter revenue can be found in at its highest degree in 6 years.
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