SK Hynix Plans $14.6 Billion Chip Expansion to Meet AI Demand [BNN Bloomberg (Canada)]
NVIDIA Corporation (NVDA)
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Source: BNN Bloomberg
The Korean company will set aside an initial 5.3 trillion won to begin construction of a new factory or fab towards the end of April, aiming for completion by November 2025. The total investment in the site will surpass 20 trillion won as SK Hynix builds it out over the long term, it said in a statement. SK Hynix, which reports quarterly results Thursday, is racing to supply a type of advanced chip called high-bandwidth memory tailored for AI. It's built up a lead over rival Samsung Electronics Co. for so-called HBM chips, which work well with accelerators supplied by Nvidia Corp. ©2024 Bloomberg L.P.
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