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PC Gamer
PC Gamer
Jess Kinghorn

In a bid to meet the memory supply crisis head on, SK Hynix announces it will invest nearly $13 billion into fresh AI packaging facility

SK Hynix Hynix Memory Micron
The SK Hynix Semiconductor Inc. logo is displayed at the company's plant during a media tour organized by Korea Industrial Complex Corp. (KICOX) in Cheongju, South Korea, on Friday, Nov. 23, 2012. KICOX, which develops and manages industrial complexes and support for resident enterprises as a public company under South Korea's Ministry of Knowledge Economy, held a media tour to the plant.

SK Hynix has announced this week it will invest 19 trillion won (or $12.90 billion) into a new advanced chip packaging facility in Cheongju, South Korea—and it isn't the only company making multi-billion dollar moves to meet the demands of the raging memory supply crisis.

SK Hynix is one of Nvidia's leading suppliers of high-bandwidth memory (HBM) for its AI accelerators. The planned chip packaging facility is set to begin construction this April, but won't be able to address demand until after work is complete in late 2027 (via Bloomberg). This follows news last year of the company committing an additional $500 billion to building four new memory fabs, with the first of these aiming for a similar 2027 completion window.

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