SK Hynix Commits $38.1 Billion to 2 Memory Plants as AI Demand Drives Shortage
Updated
Updated · CNBC · Aug 7
SK Hynix Commits $38.1 Billion to 2 Memory Plants as AI Demand Drives Shortage
2 articles · Updated · CNBC · Aug 7
Summary
54 trillion won will fund two new SK Hynix chip plants, with 35.2 trillion won for the Yongin Y2 DRAM fab and 19.1 trillion won for the Cheongju M17 NAND facility.
AI infrastructure demand and tight supply pushed memory prices higher, prompting the expansion as customers such as data-center builders and chip firms need more HBM and other advanced memory.
Yongin Y2 is scheduled to break ground in July 2027 and open its first cleanroom in June 2029 to make HBM and next-generation DRAM; Cheongju M17 starts in February 2027 with a first cleanroom due in December 2028.
The projects extend SK Hynix's broader buildout plan, which calls for 600 trillion won in the Yongin Semiconductor Cluster and 100 trillion won to expand its Cheongju production base.