SK Hynix plans to invest $38.9B in new memory plants

From ComputerWorld: SK Hynix, the world's second-largest memory chip maker, announced that it plans to invest $38.9 billion to build three new semiconductor fabrication plants by 2024.

South Korea-based SK Hynix's proposed investment tops other deals by semiconductor giants, such as Intel and Tsinghua Unigroup Ltd.

Intel recently announced it was spending $16.7 billion to acquire Altera, a maker of field-programmable gate arrays. Samsung Electronics announced last year it was investing $14.4 billion to build a new semiconductor manufacturing facility near Pyeongtaek, South Korea.

Hynix said the investment is about being the "first one to prepare" for future NAND flash and DRAM demands. The company believes the investment will help to make it the world's largest semiconductor manufacturer. Currently, Taiwan-based TSMC is the largest maker of logic chips and is the biggest manufacturer of DRAM and NAND flash memory chips.

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