South Korean technology giant SK Hynix plans to build a new $14.6 billion memory chip complex to meet the growing demand for artificial intelligence (AI) technologies. With this AI complex project, SK Hynix aims to maintain its competitive advantage and continue leading the technology sector. Here are the details…
SK Hynix plans a $15 billion investment to meet AI demand
SK Hynix is a leader in high-bandwidth memory (HBM) chips designed for AI. These chips are well-suited for accelerators from companies like Nvidia and play a critical role in AI applications. The company’s significant investments are aimed at meeting the demand for AI technologies.
The first phase of the project, expected to be completed by the end of 2025, will cost around $5.45 billion. The entire project is projected to receive over $20.5 billion in total investment. As part of this investment, SK Hynix plans to add a new factory to its existing production facility in Cheongju.
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Additionally, SK Hynix intends to establish a $3.9 billion advanced packaging facility and AI product research center in Indiana, further strengthening its presence in the United States.
SK Hynix anticipates demand for its HBM chips to grow by 60% annually, while the demand for other memory types is expected to rise with the expansion of data centers. The company aims to solidify its position as a leading memory chip supplier.
This investment underscores the ongoing global competition in AI and the semiconductor industry. SK Hynix’s strategy focuses on enhancing competitiveness while continuing to innovate in the technology sector. This strategic move could play a significant role in future developments in technology.
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