Seoul: Chipmaker SK hynix is aiming to select a site for a semiconductor packaging plant in the US as early as in the first half of next year.<\/p>\n\n\n\n
Reports earlier surfaced that the world\u2019s second-largest memory chip maker aims to invest billions of dollars to build an advanced chip manufacturing factory in the US with a goal to start operation by 2025-26.<\/p>\n\n\n\n
\u201cWhile the company aims to select a site sometime in the first half of next year, nothing concrete has been determined yet,\u201d an SK hynix spokesperson said.<\/p>\n\n\n\n
The plan comes less than a month after Chey Tae-won, chairman of South Korea\u2019s SK Group, unveiled an additional $22 billion investment plan in the US when he visited the White House late last month, reports Yonhap news agency.<\/p>\n\n\n\n
\u201cSK will invest nearly $30 billion in the U.S. going forward, expanding on our recent announcement of $7 billion investment in electric vehicle batteries,\u201d Chey said at that time.<\/p>\n\n\n\n
Details of the investment included $15 billion spending on boosting the semiconductor ecosystem, including research and development programs, materials, advanced packaging and test facilities.<\/p>\n\n\n\n
SK hynix, South Korea\u2019s second-largest chipmaker, earlier this month wrapped up a 576 billion won ($492 million) acquisition of local chip contract manufacturer Key Foundry.<\/p>\n\n\n\n
Source\u2013IANS<\/p>\n","protected":false},"excerpt":{"rendered":"
Seoul: Chipmaker SK hynix is aiming to select a site for a semiconductor packaging plant in the US as early as in the first half of next year. Reports earlier surfaced that the world\u2019s second-largest memory chip maker aims to invest billions of dollars to build an advanced chip manufacturing factory in the US with<\/p>\n","protected":false},"author":1,"featured_media":4819,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98,64],"tags":[129],"class_list":{"0":"post-4818","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-finance","8":"category-latest-news","9":"tag-sk-hynix"},"_links":{"self":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/4818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/comments?post=4818"}],"version-history":[{"count":3,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/4818\/revisions"}],"predecessor-version":[{"id":4867,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/posts\/4818\/revisions\/4867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media\/4819"}],"wp:attachment":[{"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/media?parent=4818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/categories?post=4818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cpmirror.com\/index.php\/wp-json\/wp\/v2\/tags?post=4818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}