According to Yonhap News Agency, SK Hynix announced at the recent board of directors that it has decided to temporarily suspend the construction plan of the Cheongju fab in North Chungcheong Province.

SK hynix previously estimated that the demand for memory chips in the global market will continue to grow in the short term and plans to invest about $3.3 billion to build a new semiconductor fab in the industrial park in Cheongju, with a land area of about 433,000 square meters. The new fab was originally scheduled to start construction in early 2023 and be completed in 2025.

SK Hynix responded that the timetable for the construction of the fab has not yet been decided.

The report pointed out that the postponement of the fab construction plan should be related to the increased uncertainty in the global business environment.