SK Hynix to Invest $38 Billion in Major Chip Production Expansion

WHO:

Engadget - SK Hynix is the company making the investment.

Techmeme - Yoolim Lee is the author of the article from Bloomberg.

WHAT:

Engadget - SK Hynix announced an investment of $38.1 billion to build two new memory chip facilities.

Techmeme - The expansion includes a new DRAM facility costing approximately $24.7 billion and a NAND fabrication plant costing around $13.3 billion.

WHERE:

Engadget - The new memory chip facilities will be located in South Korea.

Techmeme - The DRAM facility will be built in Yongin, and the NAND fabrication plant will be in Cheongju.

WHEN:

Techmeme - The investment plan was announced in a statement on a Friday.

WHY:

Techmeme - The expansion is part of SK Hynix's strategy to enhance its chipmaking capabilities.

HOW:

Techmeme - The investment will involve the construction of two new facilities dedicated to memory chip production.

(UPDATED August 7, 2026 14:20 UTC)

SK Hynix has announced a significant investment of $38.1 billion to build two new memory chip facilities in South Korea, which includes a DRAM facility in Yongin costing approximately $24.7 billion and a NAND fabrication plant in Cheongju for around $13.3 billion. This expansion is part of SK Hynix's strategy to enhance its chipmaking capabilities and was detailed in a statement released on a Friday. The investment will involve the construction of these two dedicated facilities aimed at boosting memory chip production.