NewsHK

SK hynix board clears $38 billion capacity push as AI memory demand tightens supply picture

8/9/2026

The memory cycle's next expansion phase is taking shape in South Korea.

SK hynix (SKHY), the primary supplier of High-Bandwidth Memory to leading AI hardware companies, received board approval on August 7 for a $38 billion commitment to build new fabrication facilities in Yongin and Cheongju.

What the investment covers The Yongin site will produce High-Bandwidth Memory for generative AI data centers. Cheongju will expand DRAM and NAND production capacity.

SK hynix framed the project in its press release as a response to medium-to-long-term demand, a signal that management is betting the AI memory cycle extends well beyond its current phase.