South Korea's SK Hynix considers building memory chip plant in Japan, Hankyoreh reports


FILE PHOTO: The SK Hynix logo is seen on one of its products during The 26th Semiconductor Exhibition (SEDEX 2024) in Seoul, South Korea, October 23, 2024. REUTERS/Kim Hong-Ji/File Photo

SEOUL, Aug ⁠21 (Reuters) - South Korea's SK Hynix ⁠is considering building a memory chip ‌plant in Japan's Miyagi prefecture and could invest tens of trillions of won in ​the project, the Hankyoreh ⁠newspaper reported on ⁠Friday, citing industry sources.

The newspaper said ⁠SK Hynix ‌is pursuing the investment in northeastern Japan as ⁠it looks to expand production capacity ​amid ‌growing global demand for memory chips.

It ⁠said SK ​Group Chairman Chey Tae-won recently visited the area, which is one ⁠of Japan's designated semiconductor industry ​hubs.

If the plan goes ahead, it would mark the first large-scale semiconductor ⁠manufacturing investment in Japan by a South Korean chipmaker, according to the report.

Responding to the report, SK ​Hynix said no decision ⁠had been made, but "any location with ​the necessary infrastructure ‌could be a potential ​candidate."

(Reporting by Kyu-seok Shim and Hyunjoo JinEditing by Ed Davies)

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