SK Hynix Plans $14.6 Billion Chip Expansion to Meet AI Demand.

SK Hynix Inc., a Korean company, plans to invest $14.6 billion in building new memory chip capacity in South Korea to meet the increasing demand for AI development. The company will allocate an initial $3.7 billion to start construction of a new factory, with completion expected by November 2025. SK Hynix is focused on supplying high-bandwidth memory chips for AI, giving it an advantage over rival Samsung Electronics Co. in this market. [Extracted from the article]

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