SK Hynix’s Board of Directors approved a ₩7.09 trillion ($5.88 billion) investment for its P&T7 advanced packaging plant on July 22, 2026. This facility in Cheongju, Korea, will serve as a primary production base for AI memory semiconductors. The expansion directly addresses surging global demand for high-performance AI components.
The investment period for the new facility began in late 2025. Construction and equipment installation will conclude by the end of 2032. This expenditure underscores the company's strategy to maintain its leadership position in the AI memory sector.
Separately, SK Hynix officially denied media reports suggesting it is in talks to acquire Intel’s semiconductor campus in Ohio.