SK hynix commits ₩100T ($64B) to new Cheongju chip plants

SK hynix said it will invest 100 trillion won (about $64B) in new chip plants at Cheongju: 80 trillion won for the M17 NAND flash fab targeting 2029, with construction starting next year, and 20 trillion won for a chip-packaging facility due by late 2027.

Why it matters

This is the first company-level breakdown of the ~$2.1T Korean chip-investment plan announced with Samsung last week — a concrete capex commitment, not a headline number. Korea is targeting a doubling of its memory capacity in five years while AI demand keeps every memory type in shortage.

What to watch

Groundbreaking timing for M17, and whether the capex pace holds if the memory cycle turns before 2029.