SK Hynix says it will spend 54 trillion won (about $38 billion) to expand its chipmaking facilities in South Korea, according to company statements reported by multiple outlets. The investment is aimed at increasing production capacity for memory chips amid continued demand, including for AI-related uses. Bloomberg and other coverage describe the plan as part of efforts to rapidly add capacity and address a global memory-chip shortage.
One outlet specifies that the expansion includes upgrades at existing manufacturing sites. The Yongin Y2 fab is slated to focus on advanced memory types, including DRAM and HBM, which are used in AI and high-performance computing. The Cheongju M17 facility is described as producing NAND memory, with manufacturing capacity aligned to growing demand for storage components tied to expanding AI infrastructure.
The reports characterize the project as a major, multi-facility expansion in Korea, centered on advanced DRAM/HBM and NAND production. SK Hynix’s plan is not presented with additional details on timelines or financing terms in the provided excerpts.
