Memory chips from South Korean semiconductor supplier SK Hynix are seen on a computer circuit board in this illustrative photo taken February 25, 2022. REUTERS/Florence Lo/Illustration
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SEOUL, Sept 6 (Reuters) – SK Hynix Inc (000660.KS), the world’s second-largest memory chip maker, announced on Tuesday the construction of a new chip factory in Cheongju, South Korea.
The facility is to be completed in 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)
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Reporting by Joyce Lee; Editing by Kim Coghill
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