In order to meet the demand for artificial intelligence, SK hynix plans to expand its chip production base in South Korea and the US

SK Hynix Inc. plans to spend $14.6 billion building new memory chip capacity in South Korea. Capacity expansion intended to meet rapidly growing demand for AI development. The chip maker will spend about 20 trillion won ($14 trillion won) building new chip capacity.

SK Hynix Inc. plans to spend $14.6 billion building new memory chip capacity in South Korea. Capacity expansion intended to meet rapidly growing demand for AI development. The chip maker will spend about 20 trillion won ($14.5 billion) building new chip capacity.

SK Hynix plans to build a chip factory for a new dynamic random access memory (DRAM) chip production base in South Korea. The Nvidia supplier plans to start construction at the chip factory, called M15X, at the end of April. The total investment in the new production base is expected to be more than 20 trillion won.

SK Hynix plans to invest $3.87 billion in U.S. chip facility. It is expected to create thousands of jobs in Indiana. The move aligns with the Biden administration's goals of building up domestic chip production. It's expected to align with Biden administration goals to build up domestic production of chips.