SK Group Chairman Chey Tae-won said Friday that chipmaker SK Hynix plans to move quickly on building a new semiconductor industry cluster in Gwangju, South Korea, as it bets on strong demand growth. He did not disclose a specific construction start date. Chey also said the company has brought forward the development schedule for its Yongin semiconductor complex by 12 years. If needed, multiple projects could be pushed ahead at the same time. The remarks point to a faster investment pace, though no detailed timeline for the Gwangju project was provided in the statement carried by Odaily.
SK Group Chairman Chey Tae-won said Friday that chipmaker SK Hynix plans to accelerate construction of a new semiconductor industry cluster in Gwangju, South Korea, betting on strong demand growth, according to Odaily. He did not provide a specific start date for the project.
Chey said the company has already moved up the construction schedule for the Yongin semiconductor complex by 12 years. He added that if necessary, multiple projects may need to proceed at the same time.
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