SK Hynix to move chip facilities to China to meet rising demand

South Korean company's profit soars 84% last year on memory chip boom

20210129 SK Hynix

An SK Hynix employee leaves its offices in Seongnam, South Korea. The company forecasts better performance this year because demand for memory chips for 5G smartphones is expected to double. © AP

KIM JAEWON, Nikkei staff writer

SEOUL -- Chipmaker SK Hynix said on Friday that it will move some foundry facilities using 8-inch wafers from South Korea to China as soon as possible to meet rising customer demand and reduce costs.

South Korea's No. 2 semiconductor company said it expects demand for foundry chips based on 8-inch wafers will remain strong for some time, as the supply of chips using more advanced 12-inch wafers is limited due to the amount of investment required to build new facilities.

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