Nvidia-Supplier SK Hynix Pledges $6.8B For New Chip Plant In South Korea
Portfolio Pulse from Benzinga Neuro
SK Hynix, a key supplier to Nvidia, announced a $6.8 billion investment in a new semiconductor manufacturing plant in South Korea. This move is part of a larger $120 trillion won investment plan to build four fabs in the Yongin Semiconductor Cluster. The investment aims to bolster SK Hynix's production capabilities, driven by high demand for AI chips.
July 26, 2024 | 1:30 pm
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Nvidia's key supplier, SK Hynix, is investing $6.8 billion in a new semiconductor plant in South Korea, which could enhance Nvidia's supply chain and support its growth in AI chip demand.
SK Hynix's investment in a new semiconductor plant is likely to enhance its production capacity, which is crucial for Nvidia given the rising demand for AI chips. This could positively impact Nvidia's supply chain and support its growth.
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