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SK Hynix says to invest $2.7 billion to boost memory chip production
December 21, 2016 / 10:30 PM / 10 months ago

SK Hynix says to invest $2.7 billion to boost memory chip production

SEOUL, Dec 22 (Reuters) - South Korea’s SK Hynix Inc said on Thursday it will invest 3.16 trillion won ($2.7 billion) in its home country and China to boost memory chip production capacity.

The world’s No. 2 memory chip maker behind domestic rival Samsung Electronics Co Ltd said it plans to invest 2.2 trillion won to build a new NAND flash chip production fab in South Korea and 950 billion won to boost DRAM chip production capacity at its existing facilities at Wuxi, China.

$1 = 1,193.2100 won Reporting by Se Young Lee

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