Amid surge in AI memory demand, SK Hynix to invest $13 billion in new chip packaging facility

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South Korea’s top chip manufacturer SK Hynix has announced plans to invest $12.9 billion (roughly 19 trillion Korean won) in a new advanced chip packaging facility. This comes as part of a strategic plan to address a global memory chip shortage resulting from the rising demand for artificial intelligence (AI) applications.

The statement, released on Tuesday, highlights the increasing competition in the AI memory market and reflects industry attempts to ease supply limitations that pose a threat to the expansion of technology.

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Amid surge in AI memory demand, SK Hynix to invest $13 billion in new chip packaging facility


South Korea’s top chip manufacturer SK Hynix has announced plans to invest $12.9 billion (roughly 19 trillion Korean won) in a new advanced chip packaging facility. This comes as part of a strategic plan to address a global memory chip shortage resulting from the rising demand for artificial intelligence (AI) applications.

The statement, released on Tuesday, highlights the increasing competition in the AI memory market and reflects industry attempts to ease supply limitations that pose a threat to the expansion of technology.

SK Hynix

already has…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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