Reuters logo
SK Hynix to invest $1.7 bln by 2015 to expand memory chip plant
December 20, 2013 / 8:21 AM / 4 years ago

SK Hynix to invest $1.7 bln by 2015 to expand memory chip plant

SEOUL, Dec 20 (Reuters) - South Korea’s SK Hynix Inc said on Friday it will invest 1.8 trillion won ($1.7 billion) to build a new production line at its memory chip plant in Icheon, southeast of Seoul.

Hynix, the world’s second-biggest memory-chip maker after Samsung Electronics Co Ltd, said in a regulatory filing the investment will be carried out between June 2014 and June 2015.

SK Hynix is expected to invest 15 trillion won ($14.27 billion) to build and buy facilities for dynamic random access memory (DRAM) production in Icheon from 2014 to 2021, newspaper Chosun Ilbo reported on Wednesday, citing an unnamed high-ranking government source. ($1 = 1060.1000 Korean won) (Reporting by Joyce Lee; Editing by Christopher Cushing)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below