SK Hynix (SKHY) Stock: South Korean Chipmaker Eyes Japan Memory Fab Joint Venture
TLDR
- SK Hynix is studying the feasibility of a joint venture to build a memory chip plant in Japan
- SK Group Chairman Chey Tae-won said the company is “looking all over Japan” for sites with good power and water supply
- Japan’s Miyagi Prefecture is actively pitching a 300,000-square-meter site to SK Hynix
- The move is part of SK Hynix’s broader global expansion to meet AI-driven memory demand
- SK Hynix expects the global memory shortage to persist through 2030
SK Hynix is exploring a potential joint venture to build a memory chip facility in Japan, as the South Korean chipmaker looks to expand production capacity to meet growing AI demand.
SK Group Chairman Chey Tae-won confirmed the discussions on the sidelines of meetings between South Korea and Japan’s chambers of commerce in Sendai. No final decision has been made on a site, investment size, or partner.
“We are looking all over Japan,” Chey said. “Anywhere with good power and good water.”
The Japan search is part of SK Hynix’s wider push to build out global production. The company recently held a groundbreaking ceremony for a chip packaging facility in West Lafayette, Indiana, and is planning a 54 trillion won ($39 billion) expansion of its facilities in South Korea.
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