# SK Hynix plans $38 billion chip fab expansion in South Korea

SK Hynix Inc. plans a 54 trillion won ($38 billion) expansion of its chipmaking facilities in South Korea, including a new DRAM manufacturing facility in Yongin and a NAND fabrication plant in Cheongju, to double production capacity and ease global memory chip shortage.

- Type: Expansion
- Announced: 2026-08-07
- Where: Yongin and Cheongju, South Korea
- Value: $38.0B
- Status: announced
- Products: DRAM, NAND flash memory
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [SK Hynix](https://endata.com/companies/2769.md)

## Sources

- [bloomberg.com](https://www.bloomberg.com/news/articles/2026-08-07/sk-hynix-to-spend-38-billion-on-chip-factory-expansion-in-korea), 2026-08-07: "SK Hynix Inc. plans a 54 trillion won ($38 billion) expansion of its chipmaking facilities in South Korea, adding to efforts to rapidly double its production capacity and ease a global shortage of memory chips."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.