SINGAPORE/SEOUL,S.KOREA: SK hynix, the SK Group's semiconductor affiliate and runner-up to Samsung Electronics in the global memory chip industry has announced it plans to build two new chip plants over the next eight years in South Korea at a cost of 31 trillion won ($26 billion).
The two highly advanced memory chip-producing plants will be built in Icheon and Cheongju, North Chungcheong Province by 2023, where it will produce NAND flash memory chips.
The investment was disclosed at a ceremony for the completion of the world's largest semiconductor plant, M 14, in Icheon, Gyeonggi Province.
The M14 line, built on 66,000 square meters, will produce up to 200,000 12-inch wafers on a monthly basis.