SEOUL: South Korea’s SK Hynix Inc said it will invest 3.16 trillion won (US$2.7bil) in its home country and China to boost memory chip production, seeking to capitalise on an industry-wide surge in demand.
Most of the investment by the world’s No. 2 memory maker will go toward building a new plant to make NAND flash chips used for long-term data storage.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
