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SK Hynix will spend 80 trillion won, or roughly $51.46 billion, building a new NAND flash memory factory in Cheongju, South Korea, with production targeted to begin in the first half of 2029. Chief executive Kwak Noh-jung announced the plan at an event attended by President Lee Jae Myung, folding th
South Korean stocks plunged nearly eight percent at close Thursday as tech giants Samsung and SK hynix tumbled on fears of slowing AI chip demand. The slide on the Kospi market was triggered by a tech-led rout just days after the companies announced a massive investment in a chip-building hub and AI
The projects in the country's central city of Cheongju outlined on Thursday come under a $2.1 trillion plan unveiled by the chipmaker and its local rival Samsung Electronics on Monday that also included a new chip cluster in the southwest and existing projects.
SK hynix Inc., the world’s largest supplier of HBM memory, today filed to list its stock on the Nasdaq. The South Korean company hopes to sell up to 17.79 million shares for $29.4 billion. The public offering is expected to be the second largest on record after the recent listing of SpaceX Corp., wh
