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SK Hynix will spend $51bn on a new NAND factory to catch the AI memory wave

Posted on July 2, 2026 By 164news66 No Comments on SK Hynix will spend $51bn on a new NAND factory to catch the AI memory wave

SK Hynix Invests 80 Trillion Won in New NAND Flash Memory Factory

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 the new fab, called M17, […]

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