SK Hynix to Invest $64 bn in AI Memory Chip Expansion, Build $51 bn NAND Fab by 2029

SK Hynix has announced plans to invest 100 trillion won ($64.38 billion) in new semiconductor manufacturing facilities in South Korea, significantly expanding its AI memory production capacity as global demand for memory chips continues to surge. The investment includes a new NAND flash memory fabrication plant and an advanced chip packaging facility in Cheongju, forming part of South Korea’s broader AI-driven semiconductor expansion strategy. SK Hynix Yongin Semiconductor Cluster The company’s