SK Hynix officially announced a new facility investment for the construction of the Cheongju P&T7 plant, as resolved by the Board of Directors on July 22, 2026. The investment is strategically aimed at securing a production hub in Cheongju to meet the surging global demand for AI memory.
The total investment amount is 7.0931 trillion KRW (~$5.14 billion USD based on 1380 KRW/USD), which represents 5.88% of the company’s equity based on the consolidated financial statements of the most recent fiscal year. This specific resolution from the 8th Board Meeting of 2026 includes an increase in construction investment to accommodate production growth and accelerate the Clean Room opening schedule.
- Investment Target: Construction of Cheongju P&T7
- Investment Period: November 26, 2025, to December 31, 2032
- Board Approval Date: July 22, 2026