SK Hynix to invest $38 billion building new memory chip plants as demand soars
AI Summary
SK Hynix announced a $38 billion investment to build new memory chip plants to meet surging demand and address the ongoing supply shortage. The expansion reflects strong growth projections in the semiconductor market.
Memory prices have surged because of short supply and huge demand with investors watching closely for any changes to the supply-demand imbalance.
Markets Deals Real Estate AI & Tech Energy SK Hynix memory chips semiconductor industry investment technology plants supply shortage South Korea