SK Hynix Board Approves $38B Plan for DRAM and NAND Capacity
SK Hynix’s board approved about 54.3 trillion won ($38.3 billion) for new memory capacity at two domestic sites. The plan funds a second DRAM fab in Yongin and a new NAND plant in Cheongju, with most spending on the DRAM line. The company also reported record Q2 revenue of 79.3 trillion won and a 76% operating margin, while reviewing further shareholder return measures to finalize in the third quarter.