SK Hynix Approves $38 Billion of New Memory Fabs That Won't Produce a Chip Before December 2028

3-line summary

• SK Hynix approved two new fabs: M17, a NAND plant with construction starting in early 2027 and investment running through April 2031, and Y2, a larger HBM and next-generation DRAM plant costing 35.2 trillion won with spending planned through October 2031.
• M17's first cleanroom opens in December 2028 and Y2's in June 2029; no supply from either plant reaches the market before December 2028 at the earliest, according to a 24/7 Wall St. report via Yahoo Finance.
• The approval follows SK Hynix's record second-quarter results reported a week earlier: revenue of 79.3 trillion won, up 51% from Q1 and 257% year-over-year, with operating profit of 60.5 trillion won and a 76% operating margin, both all-time records; management said customer demand still exceeded supply capabilities.

This summary is our own processing of the source article; see the source link below for full context.