[New post] SK Hynix to spend $26 billion for two new South Korea chip plants

sskarthik posted: "SK Hynix Inc, the world's No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won ($25.94 billion) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness. The firm, which co" Respond to this post by replying above this line New post on SKarthik.info SK Hynix to spend $26 billion for two new South Korea chip plants by sskarthik SK Hynix Inc, the world's No. 2 DRAM chip maker, on Tuesday said it plans to spend 31 trillion won ($25.94 billion) to build two new chip plants in South Korea, aiming to update its production technologies to boost competitiveness. The firm, which competes with rivals including Samsung Electronics Co Ltd, Micron Technology Inc and Toshiba Corp, said the plants would be completed by 2024 but did not comment on what they would make or when they would begin production. The memory chip industry has enjoyed robust profits in recent quarters, in part due to careful capacity management by major manufacturers like Samsung and SK Hynix. Read more... sskarthik | August 25, 2015 at 8:17 am | Categories: Computers and Internet | URL: http://wp.me/p1eKZE-3gEr Comment    See all comments Unsubscribe to no longer receive posts from SKarthik.info. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://sskarthik.wordpress.com/2015/08/25/sk-hynix-to-spend-26-billion-for-two-new-south-korea-chip-plants/ Thanks for flying with WordPress.com