SK Hynix to Invest $13 Billion in New South Korea Plant for AI Memory Production
SK Hynix plans to invest $12.85 billion in a new manufacturing plant in South Korea for advanced packaging to meet rising global demand for AI memory. The company, a major supplier to Nvidia, is expanding production capacity to keep up with demand for AI data centers. Construction of the plant is set to begin this month.
Tickers: $NVDA
Topics: advanced packaging AI memory demand chip production SK Hynix investment South Korea manufacturing