NewsSOS
SK Hynix's board approved 54 trillion won, about $38 billion, for two new semiconductor fabrication plants last week, and the company's own construction schedule puts the first clean rooms in 2028 and 2029.
That timeline is material to how Micron Technology (NASDAQ: MU), trading near $878, is valued: the stock sits at roughly 6 times expected earnings over the next year, a discount the market attaches because memory cycles end when supply arrives.
What SK Hynix committed to build and when The $38 billion covers two plants. The larger allocation, 35.2 trillion won, funds a DRAM fab called Y2 in Yongin, South Korea.
The remaining 19.1 trillion won goes to a NAND plant called M17 in Cheongju. M17 breaks ground in February 2027 and opens its first clean room in December 2028.
Keep reading