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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

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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