Key facts
- SK hynix plans to invest 1,100 trillion won ($713 billion) in new semiconductor clusters.
- The company will allocate 400 trillion won to South Korea's southwestern region for these clusters.
- SK Group also plans a 1,000 trillion won investment in AI data centers.
- These investments are part of South Korea's initiative to become an "intelligence exporter."
- President Lee Jae Myung unveiled the government's "three mega projects" initiative to boost advanced technology competitiveness.
SK hynix Inc. plans to invest 1,100 trillion won (approximately $713 billion) in building new semiconductor clusters, with 400 trillion won earmarked for South Korea's southwestern region. SK Group Chairman Chey Tae-won announced the plans on June 29, 2026, as part of a broader vision to transform South Korea into an "intelligence exporter" by investing heavily in artificial intelligence data centers.
Chey stated that the group intends to invest 1,000 trillion won in AI data centers, which he described as "AI factories." These announcements were made during a briefing where President Lee Jae Myung unveiled the government's "three mega projects" initiative. This strategy aims to bolster South Korea's competitiveness in advanced technologies and establish the nation as an industrial leader in the AI era.
Previously, plans for a new semiconductor cluster in the southwest involving 800 trillion won in corporate investment and the creation of four memory chip fabrication plants were announced. Samsung and SK hynix were expected to reveal major investment plans this week.