SK Hynix announces plans to invest about 80 trillion won (roughly $51 billion) in a new NAND flash memory chip factory in Cheongju, South Korea. According to reports, the facility—referred to as the M17 fab—is intended to begin production in the first half of 2029. The company’s chief executive, Kwak Noh-jung, presents the plan at an event attended by South Korea’s President Lee Jae Myung, indicating government-level attention to the investment.
The initiative is positioned by both outlets as part of SK Hynix’s response to growing demand for memory products associated with AI and broader data-intensive computing. While the reporting focuses on the scale of the investment and the planned production timeline, it does not provide additional technical details about capacity, process node targets, or customer allocations. Overall, the covered information centers on the location (Cheongju), the investment size (about $51 billion), and the schedule (production starting in early 2029) for the new NAND manufacturing site.
