South Korea’s SK Hynix has announced a 9.4 trillion won ($6.8bn) investment in a new semiconductor cluster that will feature four state-of-the-art fabs and a cooperation complex.
Located in the city of Yongin-si, the semiconductor cluster supports SK Hynix’s growth plans and will help to meet growing demand for AI memory semiconductors, among others.
The 4.15 million square meter site is currently under site preparation and infrastructure construction. SK Hynix hopes to start building the first fab on the site in March 2025, ready for operation in May 2027.
Once the first fab is built, the company wants to complete the remaining three fabs sequentially to grow the cluster into a “global AI semiconductor production base.”
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