SK Hynix2026-08-07 08:13:17SK Hynix approves $38.4 billion for Yongin and Cheongju memory fabs, moves Yongin timeline up by 12 yearsSK Hynix’s board on Aug. 7 approved 54.3 trillion won, or about $38.4 billion, for two new domestic memory fabs in South Korea. The larger allocation, 35.2 trillion won, will go to the Y2 DRAM fab in the Yongin semiconductor cluster, while 19.1 trillion won will fund the M17 NAND fab in Cheongju. Y2 is set to produce high-bandwidth memory and next-generation DRAM, and M17 will make NAND for enterprise SSDs. The decision materially changes the Yongin cluster’s buildout schedule. With Y2 added, the target completion date for the cluster’s fourth fab has been pulled forward from 2045 to 2033, a 12-year acceleration. Even so, the first cleanroom openings remain some distance away: December 2028 for M17 and June 2029 for Y2. The report notes that equipment installation, trial runs, and ramp-up would still follow those dates. The scale of the commitment stands out against SK Hynix’s balance sheet. The 54.3 trillion won approval amounts to roughly 60% of the company’s 88 trillion won in cash and cash equivalents at the end of the second quarter. The article also says SK Hynix raised $26.5 billion last month through an American depositary receipt listing in the U.S., leaving a gap of $11.9 billion versus the newly announced investment amount that would need to be covered by internal cash flow.2160
SK Hynix2026-07-22 08:26:18SK Hynix adds KRW 7.1 trillion for Cheongju P&T7 plant constructionSK Hynix has added KRW 7.1 trillion in investment for construction of the P&T7 plant in Cheongju, according to a newsflash published by Odaily and attributed to Jin10. The source material contains only the headline fact and does not provide added details on the construction timeline, production plans, funding structure, or project milestones. As presented in the input, the update is limited to the newly added investment amount and the destination of the capital. No other figures, company comments, or related operational disclosures were included in the source text.1740
