SK Hynix to Invest $6.8 Billion in South Korean Chip Plant Amid AI Boom

The semiconductor giant plans to build the first of four fabs in the Yongin Cluster to meet rising AI chip demand.

Construction on the first fab will begin in March 2025 and is expected to be completed by May 2027.
The investment is part of a larger plan to develop the world's largest semiconductor complex in Yongin.
SK Hynix reported its highest quarterly profit in six years, driven by AI chip demand.
The new plant will collaborate with over 50 local tech companies to foster innovation.
The South Korean government is supporting the initiative to bolster the country's semiconductor industry.