SK Hynix Accelerates New Factory Opening by Three Months to Meet Memory Demand
SK Hynix plans to accelerate the opening of a new factory by three months and bring another new plant online in February to address surging memory demand and tight global supply, Reuters' Heekyong Yang and Max A. Cherney report. The move comes amid a worldwide memory chip shortage that has driven up electronics prices and slowed data center construction critical for artificial intelligence. Other publicly traded companies in the memory space include Micron (MU), Western Digital (WDC), Seagate (STX), Samsung (SSNLF), Intel (INTC), and Pure Storage (PSTG).
