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14h ago

SK Hynix Board Approves 54.3 Trillion Won for Two New Yongin and Cheongju Memory Fabs

The company said the funding secures DRAM/HBM and NAND capacity for expected AI-driven demand with equipment installs to be phased to match customer timing.

Semiconductor and memory chip company SK Hynix CEO Kwak Noh-Jung attends the company's opening bell ceremony at the Nasdaq market on the day of their IPO in New York City, U.S., July 10, 2026. REUTERS/Angelina Katsanis/File Photo
Via semicone.com
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Overview

  • The board approved the investment on Friday, Aug. 7, splitting about 35.2 trillion won for Yongin Y2 (DRAM/HBM) and 19.1 trillion won for Cheongju M17 (NAND).
  • SK hynix set firm construction milestones with M17 groundbreaking planned for February 2027 and its first cleanroom targeted for December 2028, and Y2 groundbreaking planned for July 2027 with a first cleanroom expected in June 2029.
  • The company said it will stage equipment installation to follow customer demand and will review additional shareholder-return measures in the third quarter of 2026.
  • Investors reacted negatively, sending SK hynix shares down about 5% as market participants weighed heavy near-term capital spending against forecasted memory shortages.
  • SK hynix framed the move as a response to industry forecasts of strong memory growth and export-control constraints at its China sites, while analysts note the decision raises execution and timing risks as Samsung and Micron also expand capacity.