SK Hynix to invest $11 bln in new chip plant in South Korea

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SEOUL — SK Hynix Inc, the world’s second-largest memory chip maker, said on Tuesday it is building a new chip plant in Cheongju, South Korea.

The facility is to be completed early 2025, and 15 trillion won ($10.92 billion) will be injected into the plant over the next five years, SK Hynix said in a statement. ($1 = 1,373.2100 won) (Reporting by Joyce Lee; Editing by Kim Coghill)

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