What SK Hynix's New $13 Billion Memory Plant Means for Micron Stock -- Barrons.com

Dow Jones04-22 18:47

By Adam Clark

SK Hynix has broken ground on a new nearly-$13 billion memory-chip plant. While it shouldn't pose an immediate threat to its rival Micron Technology, investors should keep an eye on rising manufacturing capacity across the industry.

SK Hynix said Wednesday that it had begun construction of a new advanced packaging facility at its Cheongju complex in South Korea. The company has previously disclosed it will invest 19 trillion won ($12.86 billion) on the fabrication plant.

Such packaging plants are essential for manufacturing products such as high-bandwidth memory (HBM) chips. It is the demand for HBM, for use in artificial-intelligence hardware, which has driven up memory chip prices across the industry and led to soaring revenue and profits for the likes of SK Hynix and Micron.

Write to Adam Clark at adam.clark@barrons.com

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April 22, 2026 06:47 ET (10:47 GMT)

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