According to earlier reports, due to oversupply, memory chip prices are in a downward trend, and the market expects this to continue into the third quarter. However, according to the latest news, SK Hynix's 8.6 billion US dollar DRAM memory plant in Wuxi, China will be put into operation this month. After its operation, SK Hynix's memory capacity in Wuxi will increase to 180,000 wafers per month. Some insiders said that this will lead to more serious market oversupply.

According to local media in Wuxi, the signing ceremony for the loan of SK hynix and the bank was held in Wuxi on March 25. The China Development Bank, Jiangsu Branch, led other banks to provide $3.5 billion in loan support for the project.

The project was officially started in June 2017. The total investment of the project is 8.6 billion US dollars. At present, the first phase of the project has entered the final stage of mechanical and electrical installation, and it is planned to be completed and put into operation this month. After the completion of the project, the SK hynix Wuxi plant will become a large-scale semiconductor manufacturing base with a monthly production capacity of 180,000 10 nanometer wafers. Supply chain sources say that for the current memory chip market, this may delay the deadline for price declines.