SK Hynix said to mull options for US$3 billion Chongqing plant

SK hynix said its board approved total investment of about 54.3 trillion won to build DRAM fab “Y2” in Yongin (35.2 trillion won) and NAND fab “M17” in Cheongju (19.1 trillion won), targeting next-generation DRAM/HBM and NAND capacity. It is also reportedly reviewing options to sell its stake in a Chongqing packaging plant, with enterprise value forecast near $3 billion, per Bloomberg.

SK hynix said its board approved about 54.3 trillion won ($38.6B) on Aug 7 for two new fabs. Yongin Y2 gets 35.2 trillion won for a DRAM base and Cheongju M17 gets 19.1 trillion won for NAND. Construction-only costs are cited, with equipment spending later. Cleanrooms are scheduled for 2028-2029, and Y1 completion is around Feb 2027.

SK Hynix approved a $38.3B investment to build two new South Korea semiconductor plants for AI-driven memory demand. The company plans about $24.9B for a Yongin facility producing high-bandwidth memory and next-gen DRAM, and $13.2B for a Cheongju NAND plant. Construction starts next year, with first cleanrooms targeted for late 2028 to June 2029.

Bloomberg reports SK Hynix is exploring options for its Chongqing, China semiconductor packaging and testing plant, including possibly bringing in an investor. A potential stake sale could value the facility at about US$3 billion, according to people familiar. Separately, SK Hynix plans a 54 trillion won (US$38 billion) South Korea expansion for DRAM and NAND, citing AI-driven demand.

SK Hynix said it will invest 54 trillion won (about $38.1 billion) to build two new memory-chip fabs. It plans 35.2 trillion won for the Y2 fab in Yongin and 19.1 trillion won for M17 in Cheongju, aimed at demand expected in 2029 and beyond, driven by AI memory growth.

SK Hynix said it will invest 54 trillion won (about $38.1 billion) in two new DRAM and NAND plants in South Korea. About 35.2 trillion won will go to a Yongin DRAM/HBM fab and 19.1 trillion won to a Cheongju NAND site. The company said chips won’t ship until June 2029 at the earliest, with production timing tied to market demand.