According to Yonhap News,
(SEOUL=Yonhap News) 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.
South Korea's No. 2 chipmaker said the construction will begin later this year, which will be completed in October 2020. The combined size of the project is estimated at 3.5 trillion won (US$3.1 million).
The company said it has not yet set the production portfolio of the new plant, claiming it is subject to change depending on market environments and its technology progress throughout 2020.
colin@yna.co.kr
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Source: Yonhap News (July 27, 2018)