Semiconductor Manufacturing Plant Tender

Scope : To Build Semiconductor Manufacturing Plant in South Korea

Memory chip giant SK Hynix plans to invest 9.4 trillion Korean won ($6.8 billion) to build a new semiconductor manufacturing plant in an emerging chip hub in South Korea.

The fabrication plant — or fab — will be built in South Korea’s Yongin Semiconductor Cluster just south of the country’s capital of Seoul, where the government is looking to build a massive complex of chip operations.

This will be SK Hynix’s first manufacturing plant in the cluster, with construction slated to begin in March next year and to complete the project in May 2027.