SK Hynix board approves $38 billion investments for South Korea's Yongin, Cheongju chip plants

Economic Times TechAugust 8, 2026en

The company said Yongin's "Y2 fab" ​is the second ​of four fabrication plants planned for the cluster and will ⁠serve as a production base for dynamic random access memory (DRAM) ​chips. DRAM, which temporarily stores data for processors, is a critical ​component in the servers powering the AI boom.

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