According to ME News, on July 2 (UTC+8), SK hynix CEO Kwak Noh-jung announced at the National Report Meeting on the Vision for Advanced Industry Development in the Chungcheong Region that SK hynix plans to invest 100 trillion won in Cheongju to expand its NAND factory and advanced packaging facilities. Specifically, SK hynix will invest 80 trillion won in the M17 NAND production facility and 20 trillion won in the advanced packaging facility P&T7. The M17 facility is scheduled to begin construction next year, with production targeted for the first half of 2029, while the P&T7 facility is expected to be completed by the end of 2027. (Source: ODAILY)
SK hynix to invest 100 trillion KRW in Cheongju for NAND and advanced packaging expansion
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Summary
On-chain news from MetaEra reveals that on July 2, 2026, SK hynix CEO Kwak Noh-jung announced a 100 trillion KRW investment in Cheongju to expand NAND production and advanced packaging. The company will allocate 80 trillion KRW to the M17 NAND factory and 20 trillion KRW to the P&T7 packaging facility. Construction of M17 begins next year, with operations scheduled to commence in early 2029, while P&T7 is expected to be completed by late 2027. Crypto news outlets are monitoring this significant development in the semiconductor sector.
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