SK Hynix emblem displayed on a telephone display as seen on this illustration picture taken in Krakow, Poland on January 30, 2023.
Jakub Porzycki | Nurphoto | Getty Pictures
Reminiscence chip big SK Hynix on Friday mentioned it plans to take a position 9.4 trillion Korean gained ($6.8 billion) to construct a brand new semiconductor manufacturing plant in an rising chip hub in South Korea.
The fabrication plant — or fab — shall be inbuilt South Korea’s Yongin Semiconductor Cluster simply south of the nation’s capital of Seoul, the place the federal government is seeking to construct a large complicated of chip operations.
This shall be SK Hynix’s first manufacturing plant within the cluster, with building slated to start in March subsequent 12 months and to finish the challenge in Could 2027.
South Korea’s SK Hynix is likely one of the world’s prime three makers of reminiscence chips, which go into every little thing 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 dedicated 120 trillion gained to construct 4 fabs within the Yongin cluster. The remaining three shall be arrange at a later date.
The aggressive funding underscores each SK Hynix and the South Korean authorities’s push to take care of the nation’s lead within the space of reminiscence, which is essential to synthetic intelligence purposes. Seoul has dedicated billions of {dollars} in assist of its forays in semiconductors — a expertise that has more and more been seen as strategic to governments.
South Korea can also be dwelling to Samsung, the world’s largest reminiscence chip maker.
SK Hynix has been driving the AI wave and its partnership with Nvidia, this week reporting that second-quarter revenue got here in at its highest stage in six years.
