# SK hynix to build new semiconductor plant in Icheon, South Korea

SK hynix announced it will build a new semiconductor fabrication plant at its headquarters in Icheon, South Korea, with an investment of 3.5 trillion won (US$3.1 billion). Construction will begin later in 2018 and is expected to be completed in October 2020.

- Type: New facility
- Announced: 2018-07-26
- Where: Icheon, Gyeonggi Province, South Korea
- Value: $3.10B (3500.0B KRW)
- Starts operating: Oct 2020
- Status: announced
- Capacity: 53,000 m² site
- Products: memory chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20180727001800320), 2018-07-27: "SK hynix Inc. said Friday it will build a new semiconductor fabrication plant at its headquarters in Icheon, southeast of Seoul, seeking to cope with the rising demand for memory chips around the globe."
- [zdnet.co.kr](https://zdnet.co.kr/view/?no=20180727091139), 2018-07-27: "SK하이닉스는 27일 이사회를 통해 경기도 이천 본사 내 5만3천제곱미터(㎡) 부지를 활용, 3조4천855억원을 투입해 M16 공장을 건설하기로 했다고 밝혔다."
- [cnbc.com](https://www.cnbc.com/2018/07/27/sk-hynix-plans-1point6-bln-share-buyback-new-chip-plant.html), 2018-07-27: "SK Hynix announced a $1.6 billion share buyback and said it would invest $3.1 billion to build a new semiconductor plant in South Korea."
- [koreatimes.co.kr](https://www.koreatimes.co.kr/business/tech-science/20180727/sk-hynix-to-build-new-chip-plant-in-icheon), 2018-07-27: "It is essential to make additional investments in order to meet growing demand for memory chips."
- [techpowerup.com](https://www.techpowerup.com/246358/sk-hynix-to-build-new-usd-3-5b-plant-for-future-memory-technologies), 2018-07-30: "SK Hynix Inc. today announced that the Company will construct a new semiconductor fabrication plant to respond to growing demand for 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.