With this move, the company plans to help build the world’s largest semiconductor cluster.
SK Hynix has announced plans to invest about 21.6 trillion Korean won (around $15 billion) to build its first semiconductor fabrication plant (fab) at the Yongin Semiconductor Cluster by December 2030.
With this latest plan, the total investment for the first fab will reach about 31 trillion won (around $21.5 billion). This amount includes the earlier investment of 9.4 trillion won (around $6.5 billion) that the company announced in July 2024.
The company said the investment is aimed at meeting the fast-growing global demand for semiconductors and strengthening the stability of its supply system. Demand for advanced chips is rising quickly due to the growth of industries such as artificial intelligence (AI), data centres, and high-performance computing (HPC).
To keep up with these changes, SK Hynix plans to increase its production capacity earlier than scheduled. The goal is to ensure a stable supply of high-performance and high-density chips for customers worldwide.
The new investment is also expected to support more than 50 partner companies located within the cluster. SK Hynix aims to work closely with materials, components, and equipment (MCE) companies to create shared growth opportunities.
With this move, the company plans to help build the world’s largest semiconductor cluster, strengthening South Korea’s position in the global semiconductor market.
