Nvidia-Supplier SK Hynix Pledges $6.8B For New Chip Plant In South Korea

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What Happened: A key Nvidia Corp.(NASDAQ:NVDA) supplier is set to invest 9.4 trillion Korean won ($6.8 billion) in the construction of a new semiconductor manufacturing plant in South Korea’s emerging chip hub, Yongin Semiconductor Cluster, CNBC reported on Friday.

In a move to bolster its semiconductor production, memory chip manufacturer, SK Hynix, has announced plans to invest $6.8 billion in a new production facility in South Korea.

This new plant is part of SK Hynix’s larger commitment to invest 120 trillion won in the construction of four fabs in the Yongin cluster.The remaining ...

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Category: Technology

Markets: United StatesSouth Korea

Topics: NVDA Stories That Matter General Consumer Tech Tech US67066G1040 Pooja Rajkumari News Chip plant Benzinga Global

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Published On: 2024-07-26 @ 13:30:53 (1 days ago)

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News Source URL: benzinga.com

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