SK Hynix Board Approves $38.3 Billion for Two New Memory Fabs in South Korea

SK Hynix's board approved 54.3 trillion won ($38.3 billion) through 2031 for two memory fabs in Yongin and Cheongju, South Korea. The company cited AI data center demand driving "explosive" memory growth. The Yongin Y2 fab gets $24.9 billion for HBM and DRAM; Cheongju M17 receives $13.2 billion for NAND. First cleanroom production targets June 2029.