SK hynix Inc. (SKHY) Stock: Shares Drop as Chipmaker Bets 54 Trillion Won on HBM and NAND Growth
TLDR
- SK hynix shares dropped 5.84% to $135.15 after approving 54 trillion won in new fabs.
- Yongin Y2 will expand HBM and DRAM capacity with production targeted for 2029.
- Cheongju M17 will add NAND capacity as enterprise SSD demand continues to accelerate.
- SK hynix sees DRAM and NAND demand growing 19% annually through the year 2030.
- New fabs support AI memory growth while expanding long-term production capacity.
SK hynix (SKHY) shares fell 5.84% to $135.15 after the chipmaker approved a major expansion of South Korean memory production capacity. The company committed about 54 trillion won to new Yongin and Cheongju fabs designed for rising AI-related memory demand. The projects will expand HBM, advanced DRAM, and NAND capacity while strengthening SK hynix’s long-term domestic production network nationwide.
SK hynix Expands HBM and DRAM Capacity in Yongin
SK hynix approved 35.2 trillion won for Yongin Y2, the second of four planned fabs within the large semiconductor cluster. The investment forms part of a broader plan covering 600 trillion won in Yongin and 100 trillion won in Cheongju. Construction should start in July 2027, with the first Y2 cleanroom scheduled to begin operations during June 2029 as planned.
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