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SK Hynix announced plans to invest 100 trillion won, or about $64.38 billion, to build new chip plants in South Korea as part of a broader investment push tied to the growth of artificial intelligence, according to Reuters. The company said the projects will be based in Cheongju, a city in central South Korea. And the plans include 80 trillion won for a new NAND memory chip factory by 2029 and 20

Samsung, SK Hynix To Build Four New Chip Plants As South Korea Unveils $520 Billion AI Push Namrata Sen Wed, July 1, 2026 at 4:00 AM PDT 6 min read 000660.KS -5.68% 005930.KS -6.25% SSNLF 0.00% Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Samsung Electronics Co., Ltd. and SK Hynix plan to build two new semiconductor fabrication plants each

A new semiconductor manufacturing hub in southwestern South Korea is set to receive a combined 800 trillion won ($520 billion) commitment from Samsung Electronics and SK Hynix, with each chipmaker pledging to construct two fabrication plants there as memory chip demand tied to artificial intelligence continues to outpace what current facilities can supply. South Korean President Lee Jae Myung ann

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South Korea's Ministry of Employment and Labor has launched chemical safety inspections at 25 semiconductor manufacturers, including SK Hynix, after a series of fluorine gas leaks at chip plants raised fresh concerns over industrial accidents.

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