Samsung and SK Hynix pledge $518B for four new memory fabs in South Korea
By
Kate Park
Summary
South Korea's two largest memory chip companies, Samsung and SK Hynix, have committed over $518 billion (~800 trillion won) to build four new memory fabrication plants in southwestern South Korea. This investment is part of a broader national plan unveiled at a presidential briefing, covering semiconductors, AI data centers, and physical AI. The initiative aims to address global memory chip shortages (dubbed 'RAMageddon') and position South Korea as a leading AI tech powerhouse.
Source
bskySamsung and SK Hynix pledge $518B for four new memory fabs in South Koreatechcrunch.comKey quotes
· 3 pulledThe announcement is part of the country's sweeping national investment plan spanning semiconductors, AI data centers, and physical AI, which was unveiled at a presidential briefing on Monday, with the chairmen of Samsung and SK Hynix in attendance.
The world's two largest memory chip companies plan to invest $518 billion (~800 trillion won) to build four new memory fabs in southwestern South Korea, a region that has historically attracted little semiconductor investment.
In the memory chip bucket is $518 billion for four new memory fabs in the southwest
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