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SK Hynix Board Approves $38B Plan for DRAM and NAND Capacity

SK Hynix logoSK Hynix
Sig3.58Sen+6.24Env-2.75Soc+2.04Gov+2.98

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.

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