March 26, 2024 /SemiMedia/ -- According to reports, SK Hynix will start building semiconductor fabs in the Yongin Semiconductor Cluster in Gyeonggi-do, South Korea in March 2025. Starting from this, more than 120 trillion won (approximately US$89.245 billion) will be invested by 2046 to build a total of 4 wafer fabs.

SK Hynix had announced the plan as early as 2019, but it has been delayed due to licensing issues. SK hynix said the plan has made progress through an agreement reached by central and local governments and companies in 2022.

SK Hynix said that the first wafer fab is scheduled to start construction in March next year and will be the world's largest three-story wafer fab.

In addition, the Korean government will announce a strategy to accelerate AI chip exports and strengthen semiconductor facilities before the end of June. It will make every effort to ensure that Korean companies do not fall behind in the global semiconductor manufacturing field and actively support high-bandwidth memory (HBM) chip manufacturing.