SK Hynix Approves $38 Billion Mega-Investment to Boost Memory Chip Production

SK Hynix has approved a massive 54.3 trillion Korean won ($38 billion) investment through 2031 to establish two new semiconductor fabs in South Korea, named 'Y2' in Yongin and 'M17' in Cheongju. This move is part of a long-term expansion strategy to enhance its dominance in the global semiconductor market and increase memory chip production.