# SK Hynix to break ground on $13.2B M16 memory plant in Icheon

SK Hynix will hold a groundbreaking ceremony for its M16 plant in Icheon, South Korea on December 19, 2018. The company will invest over 15 trillion won ($13.2 billion) in construction and equipment, with completion expected by October 2020.

- Type: New facility
- Announced: 2018-12-17
- Where: Icheon, Gyeonggi Province, South Korea
- Value: $13.2B
- Starts operating: Oct 2020
- Status: announced
- Products: DRAM chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/8600973), 2018-12-17: "SK Hynix, the world’s second largest memory chip maker, will hold a groundbreaking ceremony for M16 Plant in Icheon, Gyeonggi Province, Korea on Dec. 19, continuing its expansion strategy despite concerns about a global memory semiconductor oversupply."

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