SK hynix plans to suspend construction of Cheongju plant amid increasing global uncertainty

According to a report by Yonhap News Agency on Tuesday (19th), South Korean semiconductor giant SK Hynix decided to temporarily retain the decision to build a factory in Cheongju, North Chungcheong Province at its board of directors on the 29th of last month. The reason behind it seems to be related to the global business environment. of increased uncertainty.

SK hynix predicts that the demand for memory chips in the global market will continue to grow in the short term. It originally planned to invest about 4.3 trillion won (about 3.3 billion US dollars) to build a new semiconductor factory in the industrial park of Qingzhou, with a land area of about 433,000 square meters. Meter. The new plant is scheduled to start construction in early 2023 and be completed in 2025. However, due to the decision of the board of directors to retain the decision to build the plant, the start of construction is likely to be delayed. SK Hynix only said that the timetable for the construction of the plant has not yet been decided.