On January 29, SK hynix signed a memorandum of understanding (MOU) with the Dalian Municipal Government of Liaoning Province, China. The two parties will work together to jointly promote SK hynix’s acquisition of Intel’s Dalian chip factory and subsequent new investment projects in Dalian.

According to the MOU, SK hynix will continue to invest and build the Dalian chip factory, and the Dalian municipal government will provide necessary support for the smooth handover and transition of the Dalian chip factory. In addition, SK hynix will cooperate with the Dalian Municipal Government in more areas, including jointly promoting sustainable urban development, boosting local regional economic prosperity, and establishing Dalian's information technology industry innovation ecosystem and industrial clusters.

The signing of the MOU will help drive and enhance Dalian’s industrial innovation capabilities and promote the further development of Dalian’s information technology industry.

SK hynix’s chief deputy president Noh Jongwon said: “SK hynix has been deeply involved in the Chinese market for more than 17 years and has maintained the vision of symbiosis and co-prosperity with the Chinese market, and continues to increase substantive support such as talents, technology and funds. Today, the signing of the MOU signifies that the cooperation between SK hynix and Dalian is further deepening. We hope that this cooperation will help drive and enhance Dalian's industrial innovation capabilities. At the same time, as a partner, SK hynix will earnestly fulfill its obligations of cooperation and explore more cooperation with Dalian in a wider range of areas. "