YONGIN – SK hynix Inc. has unveiled plans to invest 9.4 trillion won (approximately US$6.8 billion) in constructing its first fabrication plant (fab) within a new semiconductor cluster located in Yongin, south of Seoul.
According to Yonhap News Agency, the investment will establish a significant production base for artificial intelligence (AI) memory chips. Construction of the first chip plant is scheduled to start in March next year, with completion targeted for May 2027. The project also includes the addition of three more fabs within the 4.15 million-square-meter cluster. This initiative is part of SK hynix’s strategy to enhance its capabilities in meeting the growing global demand for AI chips.
The investment encompasses not only the construction of the chip plant but also the associated infrastructure, such as water treatment and power facilities, and office spaces. SK hynix, a major supplier of High Bandwidth Memory (HBM) to Nvidia Corp., aims to strengthen its position in the AI semiconductor market, capitalizing on its recent financial success with a record quarterly profit driven by robust sales of premium memory chips designed for AI computing.