SK Hynix Approves $38 Billion Investment for New Memory Chip Fabs to Boost AI Production

SK Hynix has committed approximately $38 billion (54.3 trillion Korean won) through 2031 to establish two new semiconductor fabrication plants in South Korea. This significant investment is part of a long-term expansion strategy to meet the growing demand for advanced DRAM and High Bandwidth Memory (HBM) crucial for artificial intelligence applications.