SK Hynix Announces $38.4B Investment to Expand Chip Business in South Korea

SK Hynix commits $38.4B to South Korean expansion, funding M17 Cheongju plant and Yongin phase-two facility through 2031.

Woofun AI reports that SK Hynix has committed $38.4 billion to expand its semiconductor operations within South Korea. The allocation includes 19.1 trillion won ($13.47 billion) for the M17 chip factory in Cheongju, with completion targeted for 2031. An additional 35.2 trillion won (approximately $24.9 billion) is designated for constructing a second-phase chip factory in Yongin.