SK Hynix plans to spend tens of trillion won to build a semiconductor factory in Miyagi Prefecture, Japan

Comparatively, according to Yonhap News Agency's Infomax report, SK Hynix is advancing plans to build a semiconductor factory in Miyagi Prefecture, Japan, with an investment scale of tens of trillion won. SK Group Chairman Choi Tae-won recently personally visited the region. Miyagi Prefecture is one of the three major semiconductor industry bases supported by the Japanese government.

According to the report, the plant is an overseas production base established by SK Hynix outside of the Yongin and Hunan clusters in South Korea to meet the continuing tight global memory supply and demand situation. If the plan is implemented, SK Hynix will become the third foreign semiconductor company to set up a factory in Japan after Micron and TSMC. The report pointed out that as the US continues to pressure South Korean companies to expand their investment in the US, this investment in Japan may further increase the pressure on the US side. At the same time, the Japanese government's subsidy policy is also an important factor to consider. SK Hynix has yet to officially respond to this news. Earlier, on August 20, SK Hynix just announced a 40 trillion won share repurchase and cancellation plan.