South Korea's SK Hynix to Invest $75 Billion in AI and Semiconductor Expansion by 2028

Jun 30, 2024, 03:10 AM

SK Hynix, a leading chipmaker from South Korea, has announced plans to invest $75 billion in expanding its semiconductor production by 2028. The investment, primarily focused on AI memory chips, is part of a broader strategy by its parent company, SK Group. Approximately 80% of the funds, or $60 billion, will be allocated to manufacturing High Bandwidth Memory (HBM) chips. This significant investment underscores SK Group's commitment to advancing AI technology and enhancing its semiconductor capabilities.