Big money: The chipmaker's investment plan includes 15tril won (RM53.39bil) earmarked for the M14 DRAM chip plant in Icheon (pic), which would start making chips during the current quarter.
SEOUL: SK Hynix Inc, the world's No 2 DRAM chip maker, said it plans to spend 31tril won (RM110.35bil) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness.
The firm, which competes with rivals including Samsung Electronics Co Ltd, Micron Technology Inc and Toshiba Corp, said the plants would be completed by 2024 but did not comment on what they would make or when they would begin production.
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