β‘ SK Hynix commits $38 billion to two new memory chip plants as AI demand soars
SK Hynix's board approved a $38.1 billion investment to build two new fabs in South Korea β a Yongin plant focused on high-bandwidth memory (HBM) for AI GPUs, and a Cheongju factory for NAND storage. The AI data center boom has made HBM chips one of the most supply-constrained components in tech. First cleanrooms are expected to come online in 2028β2029. Is $38B enough to keep up with AI's insatiable memory appetite?
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