SK Hynix has announced a capital expenditure plan of 54 trillion Korean won ($38.1 billion) to construct two new memory chip manufacturing facilities.
The investment targets the production of components critical to artificial intelligence infrastructure, responding to what the company describes as continuing growth in demand.
The move comes as memory prices have surged due to a tight supply-demand imbalance.
Investors are closely monitoring the sector for any shifts in this dynamic, with SK Hynix’s expansion signaling confidence that the current pricing environment and demand trajectory will persist.
The company’s decision to double down on capacity adds to its recent slate of major investments, including prior announcements for NAND memory production facilities.
This latest commitment reinforces the broader trend of semiconductor manufacturers scaling up operations to support the AI boom.