SK hynix to Start Second Phase of Yongin Fab Construction in August
SK hynix Inc. will begin the second phase of structural work on its initial fabrication plant in Yongin in August, industry sources said. The company broke ground on the first fab in February 2025 and is investing 31 trillion won, or US$20.8 billion. The Yongin cluster is intended as a major hub for AI memory chips and will eventually contain four SK hynix fabs.
thehindubusinessline.comSK hynix Inc. will break ground on the second phase of the structural framework for its first fabrication plant at its planned semiconductor cluster in Yongin, south of Seoul, in August, industry sources said Thursday. The company broke ground on the first fab in February 2025.
8 billion) in the project. The first fab facility will consist of two structural frames and six cleanrooms, with construction currently underway on about half of the planned capacity. SK hynix recently finalized its construction plan for the second fab, the sources said.
The Yongin cluster will eventually house four SK hynix fabs. The cluster is designed to serve as a key production hub for artificial intelligence memory chips. It integrates SK hynix production facilities with materials suppliers, chip equipment makers and other supporting infrastructure.
An undated image provided by SK hynix Inc. Yonhap reported that the latest move forms part of SK hynix's effort to accelerate construction of the Yongin semiconductor cluster in response to a global shortage of memory chips driven by surging demand for AI infrastructure.
The article was published on May 14, 2026.
Key Facts
Story Timeline
4 events- 2026-08
SK hynix Inc. scheduled to break ground on second phase of structural framework for first Yongin fab
2 sourcesYonhap - 2026-05-14
Yonhap publishes report on SK hynix's Yongin construction plans
1 sourceYonhap - 2026-05
SK hynix recently finalized construction plan for second fab
1 sourceYonhap - 2025-02
SK hynix broke ground on first fab at Yongin cluster
1 sourceYonhap
Potential Impact
- 01
Accelerated timeline for Yongin cluster may help alleviate global AI memory chip shortage
- 02
Integration of suppliers and infrastructure at one site could lower production costs and speed delivery for SK hynix AI chips
Transparency Panel
Related Stories
The GuardianWHO Chief Visits DRC as Ebola Death Rate Reaches 30-50%
World Health Organization director-general Tedros Adhanom Ghebreyesus arrived in the Democratic Republic of the Congo to support containment of a new Ebola outbreak. The agency revised the death rate to 30-50% based on confirmed cases and recorded 10 confirmed and 223 suspected d…
westernjournal.comGreek National Charged in UK With Aiding Iran-Linked Intelligence Service
A 46-year-old Greek man living in Germany was charged under the UK National Security Act with assisting an intelligence service believed to be Iran by targeting a journalist at Iran International.
physicianonfire.comBilt Rewards reports $1 billion revenue target for 2026
Bilt Rewards CEO Ankur Jain said the company's flagship credit card accounts for less than 11 percent of revenue. The firm now processes more than $100 billion in annual housing spend across one in four U.S. apartment buildings.