SK Hynix to Allot KRW 5.3T to Setup a New DRAM Manufacturing Unit

On Wednesday, South Korean memory chipmaker SK Hynix announced its plans to invest 5.3 trillion won (US$3.86 billion) in constructing a chip factory for a new dynamic random access memory (DRAM) chip production base in South Korea. The company, known as a supplier to Nvidia, intends to commence construction at the end of April on the chip factory, named M15X, aiming for completion by November 2025 to begin mass production.

SK Hynix disclosed in a statement that, including a planned gradual increase in equipment investments, the total investment in the new production base is anticipated to exceed 20 trillion won in the long term.

SK Hynix is a significant South Korean supplier of dynamic random-access memory (DRAM) chips and flash memory chips. It ranks as the world's second-largest memory chipmaker and the sixth-largest semiconductor company globally. Among its major customers are prominent tech giants such as Microsoft, Apple, Asus, Dell, MSI, HP, and Hewlett-Packard Enterprise (formerly Hewlett-Packard). Furthermore, Hynix memory is utilized in a diverse range of products, including DVD players, cellular phones, set-top boxes, personal digital assistants, networking equipment, and hard disk drives.