# SK Hynix Plans $38 Billion Expansion of South Korean Chip Facilities

https://mins.news/en/item/16577

- Bloomberg News, 2026-08-07 22:30 UTC
- Tech
- Original: https://www.bloomberg.com/news/articles/2026-08-07/sk-hynix-to-spend-38-billion-on-chip-factory-expansion-in-korea?link_source=ta_bluesky_link&taid=6a765c7069018900011c4319

> SK Hynix plans to invest 54 trillion won, or $38 billion, in expanding its chipmaking facilities in South Korea. The project adds to the company’s push to rapidly double production capacity. The expansion is also intended to help ease a global shortage of memory chips.

## Related coverage

- [SK Hynix board approves $38 billion investment in South Korean chip plants](https://mins.news/en/item/16089) — Reuters, 2026-08-07