Monday 25 May 2020
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SK Hynix plans to invest $38.9B in new memory plants

SK Hynix, the world’s second-largest memory chip maker, announced that it plans to invest $38.9 billion to build three new semiconductor fabrication plants by 2024.

South Korea-based SK Hynix’s proposed investment tops other deals by semiconductor giants, such as Intel and Tsinghua Unigroup Ltd.

Intel recently announced it was spending $16.7 billion to acquire Altera, a maker of field-programmable gate arrays. Samsung Electronics announced last year it was investing $14.4 billion to build a new semiconductor manufacturing facility near Pyeongtaek, South Korea.

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Source: computerworld