SK Hynix brand displayed on a cellphone display, as seen on this illustration photograph taken in Krakow, Poland on January 30, 2023.
Jakub Porzycki | Nurfoto | Getty Photographs
Reminiscence chip big SK Hynix mentioned Friday it plans to take a position 9.4 trillion Korean gained ($6.8 billion) to construct a brand new semiconductor manufacturing facility in an rising chip hub in South Korea.
The manufacturing plant – or manufacturing facility – shall be inbuilt South Korea’s Yongin Semiconductor Cluster, simply south of the nation’s capital, Seoul, the place the federal government needs to construct a large complicated of chip operations.
This shall be SK Hynix’s first manufacturing plant within the cluster, with development set to start in March subsequent 12 months and the mission accomplished in Might 2027.
South Korea’s SK Hynix is one of many world’s high three makers of reminiscence chips, which go into every part from laptops to servers. Extra just lately, the corporate has had success with its high-bandwidth reminiscence, which it provides to Nvidia.
Earlier this 12 months, SK Hynix invested 120 trillion gained to construct 4 factories within the Yongin cluster. The remaining three shall be established at a later date.
The aggressive funding underlines the dedication of each SK Hynix and the South Korean authorities to take care of the nation’s lead in reminiscence, which is necessary for synthetic intelligence purposes. Seoul has pledged billions of {dollars} to assist its forays into semiconductors – a know-how more and more seen as strategic for governments.
South Korea can also be dwelling to Samsung, the world’s largest reminiscence chip producer.
SK Hynix has been driving the AI wave and its partnership with Nvidia, reporting this week that second-quarter income have been at a six-year excessive.
