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SK Hynix Opens New Leading Memory Giant Plant in South Korea
SK Hynix, the second largest chip maker in South Korea, announced on Monday that it has completed construction of a new memory production line in its home country. The company, already the world’s second largest DRAM manufacturer, is trying to expand its market share of memory chips.
New M16 Chip Factory in Icheon
The company held the opening ceremony of the M16 semiconductor factory located at its main manufacturing base in Icheon, south of Seoul on February 1 – the crowning achievement of more than two years of operation. Since November 20221, when construction started, SK Hyinx has invested 3.5 trillion Korean won ($ 3.15 billion) in the project.
The new enterprise is called perhaps the largest such semiconductor factory. Its dimensions are really impressive: it is 336 meters long, 163 meters wide and 105 meters high, which is equivalent to a 37-storey residential building.
“When we decided to build the M16 two years ago, it was worrying as the semiconductor memory market was in decline at the time,” SK Group Chairman Chey Tae-won said at the opening ceremony. “But as the industry anticipates favorable market conditions, it looks like our bold decision in the past will turn out to be a success in the future.”.
It should be said that we are talking about an advanced enterprise: SK Hynix for the first time in its practice applied lithographic equipment on the M16, operating in extreme or hard ultraviolet (EUV). This will allow the company to produce chips according to finer technological standards. It is planned from the second half of this year on this equipment to establish the production of DRAM of the fourth generation according to the norms of the 10nm class. Mass production of the M16 is expected to begin in June.