SK Hynix Approves $38.3 Billion Investment Through 2031 to Expand AI Chip Production

Summary

SK Hynix has approved a 54.3 trillion won ($38.3 billion) investment plan through 2031 to significantly expand its semiconductor production capacity, driven by increasing demand for AI chips. The investment will fund new DRAM facilities in Yongin and NAND flash capacity in Cheongju, with further shareholder return details expected in Q3.