The envisioned outlay underscores a global race to supply the hardware and components essential to creating generative AI services around the world. SK Hynix, which reports quarterly results Thursday, is the current leader in a type of advanced chip called high-bandwidth memory tailored for AI.
SK Hynix Inc plans to spend about US$14.6 billion building a new memory chip complex in South Korea, preparing to meet rapidly growing demand for semiconductors employed in AI development.
The Korean company intends to set aside an initial 5.3 trillion won to begin constructing a new factory towards the end of April, aiming for completion by November 2025. The total investment on the site will surpass 20 trillion won as SK Hynix fits it out with equipment over the long term, it said in a statement.
