SK HERCULES: WILL INVEST $38.4 BILLION TO EXPAND CHIP OPERATIONS ON KOREAN SOIL

ON 7 AUGUST, SK HERCULES INDICATED THAT $38.4 BILLION WOULD BE INVESTED TO EXPAND THE CHIP BUSINESS ON KOREAN SOIL. SPECIFICALLY, SK HERCULES PLANS TO INVEST 19.1 TRILLION WON (US$ 13.47 BILLION) IN THE M17 CHIP PLANT IN QINGZHOU, TO BE COMPLETED BY 2031, AND TO INVEST 35.2 TRILLION WON (APPROXIMATELY US$ 24.9 BILLION) IN THE SECOND PHASE OF THE CHIP PLANT. THE YONG-IN FACTORY WILL PRODUCE HBM AND OTHER NEXT GENERATION DRAM。