Nvidia supplier SK Hynix to invest $6.8 billion in South Korea chip plant

SK Hynix announced a $6.8 billion investment for its first chip plant in Yongin, South Korea. The plant will bolster AI semiconductor demand and contribute to SK Hynix’s growth. The site will also feature a research facility for testing domestic chip materials and equipment. The investment supports the company's long-term growth strategy planned since 2019.

Jul 26, 2024 - 16:30
Nvidia supplier SK Hynix to invest $6.8 billion in South Korea chip plant
SK Hynix announced a $6.8 billion investment for its first chip plant in Yongin, South Korea. The plant will bolster AI semiconductor demand and contribute to SK Hynix’s growth. The site will also feature a research facility for testing domestic chip materials and equipment. The investment supports the company's long-term growth strategy planned since 2019.