SK hynix breaks ground on its 1st fab in Yongin semiconductor cluster

SK hynix said Tuesday it has started construction on its first fabrication plant and relevant facilities at an envisioned semiconductor cluster in Yongin, south of Seoul.

The company broke ground Monday after receiving approval from the Yongin municipal government last week, according to SK hynix's newsroom.

The Yongin semiconductor cluster aims to serve as a key production hub for artificial intelligence (AI) memory chips, integrating SK hynix's fabs with materials and chip equipment companies, as well as other essential infrastructure.