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SK Hynix, a leading South Korean semiconductor manufacturer, has announced plans to invest 80 trillion won ($51.46 billion) into a new NAND memory chip production facility.

<nh-chunk-delimit /> The move comes as part of the company&apos;s strategy to meet growing demand fueled by the artificial intelligence (AI) boom. The construction of this state-of-the-art plant, dubbed M17, is set to begin next year in Cheongju city, South Korea.

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SK Hynix announces $51B factory to meet AI memory demand #DH_SHARE_URL# By NewsBytes via Dailyhunt

SK Hynix announces $51B factory to meet AI memory demand

https://www.newsbytesapp.com/news/science/sk-hynix-plans-51b-factory-to-meet-ai-memory-demand/story