SK Hynix pledges 38 billion to build two new DRAM and NAND factories

SK Hynix has announced that it will invest 54 trillion Korean won ( 38.1 billion) to build two new memory chip facilities in South Korea. The company, which is the second largest RAM and NAND chip manufacturer after Samsung, said the new fabs will help it keep pace with the explosive demand for memory products caused by the AI data center boom. The first cleanroom will start production as early as June 2029, SK Hynix officials said. The company said it would invest 35.2 trillion won ( 24.9 billion) in a Yongin fabrication plant to produce HBM and other DRAM products, and 19.1 trillion won ( 13.2 billion) for a facility in Cheongju that will manufacture NAND storage chips. "This investment is a decision made to seize opportunities in line with the market's growth speed... we reached this investment decision after a thorough review of market demand," a SK Hynix official said in a statement.