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SK Hynix is reportedly evaluating a joint venture to build a memory chip plant in Japan to address AI-driven demand growth.
SK Group Chairman Chey Tae-won stated on August 31 that SK Hynix is thoroughly surveying various locations across Japan with favorable power and water resource conditions to evaluate multiple potential sites for a joint factory. The cooperation model has not yet been determined, with options including a joint venture, co-investment, or acquisition of a Japanese company. This move aims to further enhance its global production network, following SK Hynix's planned capacity investment of approximately 54 trillion Korean won in South Korea and the groundbreaking ceremony last week for its advanced memory packaging facility in Indiana, USA.
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