# SK hynix approves $38B+ investment in two new memory fabs

_Friday, August 7, 2026 at 8:00 AM EDT · Infrastructure · Latest · Tier 2 — Notable_

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SK hynix approves $38B+ investment in two new memory fabs The board of SK hynix Inc., a major data center memory supplier, today approved the construction of two new fabs.

The initiative will cost 54 trillion South Korean won, or about $38.3 billion. It's part of a broader $430 billion investment plan designed to expand SK hynix's manufacturing capacity. SK hynix's newly announced construction initiative will see it build a $25 billion fab called Yongin Y2. It's the second of four chip factories that the company plans to build at the Yongin Semiconductor Cluster, a manufacturing campus about 20 miles south of Seoul.

## Sources

- [SiliconANGLE](https://siliconangle.com/2026/08/07/sk-hynix-approves-38b-investment-two-new-memory-fabs/)

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Retrieved: 2026-08-08T06:27:31.507Z
Publisher: Tech & Business (techandbusiness.org)