SK Hynix to Build New NAND, Chip-Packaging Plants in Central Korea
By Kwanwoo Jun
SK Hynix plans to invest more than $64 billion to construct new chip-making facilities in Cheongju, central South Korea, in coming years.
The South Korean chip maker on Thursday detailed its planned investments of 100 trillion won, equivalent to $64.48 billion, which are part of its massive 1.1 quadrillion won chip expansion plan announced earlier this week.
The company said it plans to invest 80 trillion won to build a new NAND memory chip factory by 2029 and 20 trillion won to construct a new chip-packaging plant by 2027. Both facilities will be located in Cheongju.
SK Hynix said about 400 trillion won of its total investment commitment would be earmarked for a new chip-making hub in southwestern Korea, while another 600 trillion won would go toward expanding its DRAM production facilities in Yongin, south of Seoul.
Write to Kwanwoo Jun at kwanwoo.jun@wsj.com
(END) Dow Jones Newswires
July 01, 2026 23:36 ET (03:36 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
3 Stocks to Sell and 3 Stocks to Buy for October
Undervalued by 15%, This Utilities Stock Could Be an Unexpected AI Winner
The Thrilling 37
The Smartest Moves for Bond Investors Today, and What to Do When You Have Too Many Investments
United States