SK Group Chairman Chey Tae-won stated on Friday that he expects chip demand to continue growing rapidly, and SK Hynix will accelerate the construction of its semiconductor complex in Gwangju, South Korea, while also considering simultaneous development of both the Yongin and Gwangju complexes.
Chey Tae-won said that SK Hynix has brought forward the completion target for the Yongin semiconductor complex from 2045 to 2033, but even this might not be enough to meet future demand. The Gwangju complex is approximately two-thirds the size of the Yongin complex, and both SK Hynix and Samsung Electronics plan to invest about 400 trillion Korean Won.
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SK Hynix CEO: Chip demand far exceeds expectations, will accelerate construction of Gwangju chip plant and consider simultaneous development of two major industrial parks.
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