SK Hynix’s Board of Directors approved a ₩7.09 trillion investment in its P&T7 advanced packaging plant on July 22, 2026. This funding targets the Cheongju facility in South Korea to accelerate production of AI memory semiconductors. The company aims to meet surging global demand for high-performance chips used in artificial intelligence.
On the same day, SK Hynix formally denied reports regarding a potential acquisition of Intel’s Ohio manufacturing campus. A regulatory filing clarified that the company is not pursuing the deal. This announcement ended market speculation that had briefly inflated the stock price. The company is prioritizing organic growth in the AI sector over large-scale acquisitions.