Semiconductors

SK Hynix freezes $3.3bn memory chip plant expansion

Cooling market and higher costs dampen semiconductor investment

20220720N SK Hynix

SK Hynix faces a sluggish memory chip market. (Photo courtesy of SK Hynix)

KOTARO HOSOKAWA and RYOSUKE EGUCHI, Nikkei staff writers
July 20, 2022 22:39 JST
Updated on July 21, 2022 00:09 JST

SEOUL/TOKYO -- South Korean chipmaker SK Hynix has indefinitely postponed plans for a 4.3 trillion won ($3.3 billion) expansion of a memory chip plant, it was learned Wednesday, amid rising costs and concerns about a protracted slump in demand.

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