SK Hynix will spend $51bn on a new NAND factory to catch the AI memory wave

The Next Web
By Ana-Maria StanciucJul 2, 2026, 5:22 am185 ptsTrendingTop
SK Hynix will spend 80 trillion won, or roughly $51.46 billion, building a new NAND flash memory factory in Cheongju, South Korea, with production targeted to begin in the first half of 2029. Chief executive Kwak Noh-jung announced the plan at an event attended by President Lee Jae Myung, folding the new fab,…

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