SK Hynix to expand chip fab instead of building new factory

South Korean chipmaker reduces cost of preparing for memory market rebound

SK Hynix is investing to expand capacity despite a lull in the memory market. (Photo courtesy of SK Hynix)

KOTARO HOSOKAWA, Nikkei staff writer

September 7, 2022 00:03 JST

SEOUL -- SK Hynix will spend 15 trillion won ($10.9 billion) over five years to expand an existing semiconductor plant, the South Korean chipmaker said Tuesday, the move coming after the company shelved plans to build a separate factory due to costs.