SK Hynix to complete buiding of new memory semiconductor fab M15X by 2025

The leading semiconductor memory chip manufacturer SK Hynix to start construction of its new semiconductor fab M15 extension in Cheongju, Chungcheongbuk-do, South Korea. The new plant will be built from October-2022 on 60,000 square meters of land. An investment of 15 trillion Won is pumped to this project over next five years. SK Hynix announce this plan while the memory chip market is experiencing fall in demand and the instability of the supply chain. However SK Hynix sees investment made now will benefit the company when the market starts growing. This investment is made to prepare for the next market growth which is expected to come in 2025. “Looking back on the past 10 years, SK hynix could grow into a global company as it boldly carried out investment during crisis,” said Vice Chairman and Co-Chief Executive Park Jung-ho. “As we look to prepare for the next 10 years now, I believe starting the M15X will be a first step to lay foundation for a solid future growth.” SK Hynix also said it will decide construction plan of Next M17 fab after reviewing overall business environment in the semiconductor market. SK hynix had registered a record revenue of 13.81 trillion won in the second quarter of 2022. “Although DRAM product prices fell during the second quarter, revenues increased as NAND prices rose and overall sales volume increased,” the company said. “Co...