SK Hynix looking to invest in new plant?

SK Hynix is reportedly planning to double its production capacity for NAND memory chips.

The South Korean company is reportedly going to construct a new memory chip facility by 2025 as it feels the effects of a growing demand for semiconductors aimed for usage in data centers and PC's, according to a report in Nikkei. Sources close to SK Hynix told Nikkei that the company is planning to invest some about USD 12.5 billion in order to construct a plant next to its Cheongju facility – in North Chungcheong Province. The company has got their hands on a 250'000 square-meter plot and also singed a memorandum of understanding with the Cheongju city government. The building of the new plant is set to start in 2018, the sources told Nikkei.

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