SK Hynix plans to invest $38.9B in new memory plants
SK Hynix, the world's second-largest memory chip maker, announced that it plans to invest $38.9 billion to build three new semiconductor fabrication plants by 2024.
South Korea-based SK Hynix's proposed investment tops other deals by semiconductor giants, such as Intel and Tsinghua Unigroup Ltd.
Intel recently announced it was spending $16.7 billion to acquire Altera, a maker of field-programmable gate arrays. Samsung Electronics announced last year it was investing $14.4 billion to build a new semiconductor manufacturing facility near Pyeongtaek, South Korea.
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