SK Hynix to invest $38 billion to expand AI memory chip production in South Korea
SK Hynix announced a $38 billion investment to expand AI memory chip production in South Korea, including new facilities in Yongin and Cheongju. This expansion responds to rising demand for memory in the AI sector, with production capacity sold out until 2027. Groundbreaking for the Yongin facility is set for July 2024, aiming for completion by June 2029.