SK Hynix to invest $1.7 billion lo expand memory-chip plant

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SK Hynix to invest $1.7 billion lo expand memory-chip plant

SK Hynix said on Friday it will invest 1.8 trillion won ($1.7 billion) to build a new production line at its memory-chip plant in Icheon, southeast of Seoul.

Hynix, the world’s second-biggest memory-chip maker after Samsung Electronics, said in a regulatory filing the investment will be carried out between June 2014 and June 2015.

SK Hynix is expected to invest 15 trillion won ($14.27 billion) to build and buy facilities for dynamic random access memory (DRAM) production in Icheon from 2014 to 2021.

Reuters

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