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SK Hynix to invest $11 bln in new chip plant in South Korea




By Reuters, September 6, 2022

SEOUL, Sept 6 (Reuters) – SK Hynix Inc (000660.KS), the world’s second-largest memory chip maker, said on Tuesday it is building a new chip plant in Cheongju, South Korea.

The facility is to be completed early 2025, and 15 trillion won ($10.92 billion) will be injected into the plant over the next five years, SK Hynix said in a statement.