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SK Hynix to Spend $38 Billion on Chip Factory Expansion in Korea

Bloomberg Technology Friday 07 August 2026, 07:31 UTC By Yoolim Lee 1 min read
Key Points

Asia SK Hynix to Spend $38 Billion on Chip Factory Expansion in Korea SK Hynix Inc. plans a 54 trillion won ($38 billion) expansion of its chipmaking facilities in South Korea, the company said in a statement Friday. The memory chip maker is building new fabs in Yongin and Cheongju in response to “the continuously growing demand for memory in the AI era,” it said in the statement.

Asia SK Hynix to Spend $38 Billion on Chip Factory Expansion in Korea SK Hynix Inc. plans a 54 trillion won ($38 billion) expansion of its chipmaking facilities in South Korea, the company said in a statement Friday. The memory chip maker is building new fabs in Yongin and Cheongju in response to “the continuously growing demand for memory in the AI era,” it said in the statement.
SK Hynix (PERSON) Korea (LOCATION) Hynix (PERSON) SK Hynix Inc. (ORG) South Korea (LOCATION) Yongin (LOCATION) Cheongju (LOCATION)
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