SK Hynix to invest 3.16t won in memory chip output
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Seoul
SOUTH Korea's SK Hynix Inc said on Thursday it will invest 3.16 trillion won (S$3.8 billion) in its home country and China to boost memory chip production, seeking to capitalise on an industry-wide surge in demand.
Most of the investment by the world's No 2 memory maker will go towards building a new plant to make NAND flash chips used for long-term data storage.
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