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The
Nvidia supplier, which reported on Thursday its highest earnings
since 2018 and flagged rising AI chip demand, has been planning
investment since 2019 on four new chip plants at a semiconductor
cluster at the site near Seoul.
"The Yongin cluster will be the foundation for SK Hynix's mid-
to long-term growth," said Kim Young-sik, the firm's head of
manufacturing technology.
The investment aims to respond to demand for AI semiconductors
and secure future growth, SK Hynix said in a regulatory filing.
The sprawling 4.2 million sq. m. site, will eventually house the
company's four planned chip plants producing next-generation
semiconductors as well as more than 50 small local firms in the
chip industry, SK Hynix said in a statement.
Friday's figure is expected to cover work on the first plant
until end-2028, for utilities such as water and electricity, as
well as business support and welfare facilities.
It will include a "mini-fab", or research facility that can
process 300-mm silicon wafers, to allow domestic chip materials
and equipment makers to test their products in a realistic
setting, the company said.
The news follows the company's plan, unveiled in April, to
invest about $3.87 billion for an advanced packaging plant and
research and development facility for AI products in the U.S.
state of Indiana.
($1=1,386.4000 won)
(Reporting by Joyce Lee; Editing by Jacqueline Wong and Clarence
Fernandez)
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