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SK Hynix to Double Wafer Capacity Over Five Years

The company says the expansion is driven by sustained AI demand, citing that building new memory fabs will take at least three years.

Overview

  • SK Group chairman Chey Tae-won publicly announced the plan at Computex in Taipei on Tuesday, saying SK Hynix will double wafer production capacity over the next five years to meet rising demand for high-bandwidth memory.
  • Chey warned that a global wafer shortage could persist through 2030 and stressed that new memory fabs require heavy capital outlay and a multi-year build time before they add meaningful supply.
  • He described deeper cooperation with Nvidia and TSMC as “greater than ever,” and confirmed joint work on the base die for next-generation HBM4 chips.
  • SK Hynix is also advancing targeted investments, including its first advanced packaging plant under construction in the United States, while weighing customer proposals that would finance production and equipment.
  • The push follows strong market momentum for memory makers, with SK Hynix topping $1 trillion in market value and holding about 58% of the HBM market in Q1, a shift that has lifted analysts’ profit forecasts for the sector.