Reuters
SK Hynix to invest $11 billion in new South Korea chip plant
SEOUL (Reuters) -SK Hynix Inc, the world’s second-largest memory chip maker, said on Tuesday it will invest 15 trillion won ($10.9 billion) over the next five years to build a new chip plant in South Korea. Construction of the facility, called M15X, will begin in October and be completed early 2025 in Cheongju, south of Seoul, SK Hynix said in a statement. The plant will make memory chips, but whether it will be DRAM chips or NAND flash chips will be determined according to market conditions, a company spokesperson said, declining to comment on its planned capacity.