SK Hynix to Invest about $13 Bln in a New South Korea Plant to Meet AI Memory Demand

SK Hynix said on Wednesday it plans to invest 19 trillion won ($12.85 billion) in a new manufacturing plant in South Korea for advanced packaging, to meet rising global demand ‌for AI ‌memory, with construction starting ‌this ⁠month. The Nvidia supplier, ⁠one of the world’s largest memory chipmakers, has been expanding production capacity to keep up with strong demand for ⁠artificial intelligence data centers. The ‌South ‌Korean chipmaker said in a ‌statement that the new fab ‌plant will be dedicated to advanced packaging, a process essential for manufacturing AI ‌memory products such as high-bandwidth memory (HBM) chips. Earlier this ⁠year, ⁠SK Hynix said it has accelerated capacity expansion, including bringing forward the opening of a new memory chip plant in South Korea, as it seeks to meet surging demand.