SK Hynix to Invest 3.15 Trillion Won to Expand Memory Chip Output

Thanks to the strong demand of smartphones and other mobile devices, the prices of NAND flash memory chips have shown signs of a rebound in the recent months, and the memory chip makers including Micron, SK Hynix and Samsung have all benefited from it. 

SK Hynix, headquartered in Icheon, South Korea, has just said it will invest 2.2 trillion won to build a plant in Cheongju, North Chungcheong Province, in its bid to increase production of 3D NAND flash chips. The project will begin in August 2017, and is expected to completed in June 2019.

The company will also allocate 950 billion won in its DRAM chip plant in Wuxi, eastern China, to construct new clean rooms at the firm’s largest DRAM manufacturing facility there.

Analysts think strong demand for memory chips will likely continue in 2017 as it will take several years for capacity spending announced by key players to yield meaningful production growth.

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