SK Hynix is exploring a new memory chip manufacturing facility in Miyagi prefecture, Japan. The potential investment could reach tens of trillions of won. The Hankyoreh newspaper first reported the expansion plans.
The company aims to increase production capacity for global memory chip needs. This expansion specifically targets the surging demand for artificial intelligence applications.
SK Hynix clarified to the Korea Exchange that it is reviewing various international locations. No final decision has been reached regarding the Japan site. The company will provide a formal update within one month.
SK Hynix shares rose more than 2% in premarket trading following the report. Investors reacted positively to the prospect of increased manufacturing scale.