WSJ Tech News Briefing · Friday, August 7, 2026
SK Hynix, the second-largest memory chip maker, announced plans to invest approximately $38 billion to boost semiconductor production in South Korea. The investment is intended to increase output and meet the rising demand driven by the AI sector. The company's board has approved the construction of two new fabrication facilities.
“SK Hynix plans to invest about $38 billion to expand semiconductor production capacity in South Korea as it seeks to ramp up output to meet growing demand fueled by the AI boom.”
“The world's second-largest memory chip maker said today its board approved investments for two new fabrication facilities.”