SK Hynix Approved $38 Billion of New Memory Fabs That Won't Produce a Chip Before December 2028

SK Hynix (NASDAQ: SKHY) is putting a historic amount of money into new capacity. On Aug. 7, the memory maker's board signed off on 54. 3 trillion won of spending -- about $38 billion -- split across two new plants. Some 35. 2 trillion won goes to the Y2 fab in Yongin, which will make high-bandwidth memory (HBM) and next-generation DRAM.

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