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(PR) SK hynix Invests 54 Trillion Won in Yongin Y2 and Cheongju M17 to Secure Mid-to-Long-Term Production for AI Memory Demand

SK hynix Inc. announced a total investment of approximately 54 trillion won to build new fabs in Yongin and Cheongju, with 35.2 trillion won allocated for the Yongin 'Y2' fab and 19.1 trillion won for the Cheongju 'M17' fab, to meet growing AI memory demand. The decision, approved in a board meeting, executes the mid-to-long-term investment strategy announced last June, which includes a 600 trillion won master plan for the Yongin Semiconductor Cluster and 100 trillion won for the Cheongju production base.

read1 min views1 publishedAug 7, 2026

SK hynix Inc. announced today that it has decided to build new fabs in Yongin and Cheongju to respond to the continuously growing demand for memory in the AI era.

The company approved a total investment of approximately 54 trillion, 35.2 trillion won in Yongin "Y2" fab and 19.1 trillion won in the Cheongju "M17" fab, in a board meeting.

This decision represents execution of the mid-to-long-term investment strategy announced by the company last June. Under its master plan to invest 600 trillion won in the Yongin Semiconductor Cluster and 100 trillion won to expand its Cheongju production base, SK hynix is currently constructing its first fab in Yongin (Y1). With this latest decision, the company is embarking on the construction of subsequent fabs in both Yongin and Cheongju.

source & further reading
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