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31/07/2018

SK hynix uses $3.1 billion in the new plant in Korea

SK Hynix Inc. announced on July 27 that it will build a new semiconductor manufacturing facility at its headquarters (Icheon, Gyeonggi-do, Korea) to meet the growing demand for memory chips.

The chip factory will begin construction at the end of 2018 and is expected to be completed in October 2020, with an investment of 3.5 trillion won (equivalent to $3.1 billion). SK hynix will determine the product mix of the new plant based on future market conditions and its technical capabilities. SP506CF

Thomson Reuters reported that SK hynix announced on July 27 that it would spend 1.8 trillion won (equivalent to 1.6 billion US dollars) to buy back its own company stock.

SK hynix's second quarter of 2018 (as of June 30, 2018) announced on July 26 that the quarter's revenue, revenue and net profit reached a record high in the single quarter: revenue increased by 55% (19% increase in the quarter) to 10.371 trillion won; operating profit increased 83% (28% increase) to 5.574 trillion won; the profit rate increased by 8 percentage points (4 percentage points per quarter) to 54%; pure The annual increase is 75% (39% increase in the quarter) to 4.329 trillion won. BTW58-1500R

SK hynix is ​​expected to complete the construction of a clean room in the new fab in Cheongju, South Korea at the end of September. It is estimated that the new plant will contribute to the company's production capacity from early next year. In addition, SK Hynix expects the Wuxi plant clean room expansion project to be completed by the end of this year as scheduled.