Market Chatter: SK Hynix to Build Japan Memory Chip Production Facility

MT Newswires Live08-21 18:54

SK Hynix (SKHY) is moving forward with construction of a memory chip fab in the northeastern Japanese prefecture of Miyagi, news outlet Hankyoreh reported Friday.

The investment will total tens of trillions of Korean won (10 trillion won = $7.22 billion) and establish SK Hynix as the first Korean semiconductor manufacturer to make a major investment in Japan, the report said.

SK Hynix did not immediately reply to MT Newswires' request for comment. Reuters cited a spokesperson as saying that no decision has yet been made on the investment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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