SK Hynix is spending $38 billion to build two new chip fabs
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The big picture: Foundry corporations have repeatedly stated that the chip supply chain crisis is not going to improve anytime soon. Adding more manufacturing plants could help partially ease the industry's pain, which is exactly what SK Hynix plans to do over the next few years. Let's just hope the AI bubble doesn't burst in the meantime.
SK Hynix just announced a massive new investment to strengthen its manufacturing capacity for both DRAM and NAND flash products. The South Korean corporation, one of the world's three largest memory manufacturers alongside Samsung and Micron, is going to spend 54 trillion won ($38 billion) to build the new "Y2" and "M17" chip fabs in Yongin and Cheongju, respectively.
The new plants are part of a larger investment strategytotaling 700 trillion won. Yongin Y2 is...
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