Search results for Yongin cluster
Industry
K suppliers buzz as government, Samsung, SK Hynix unveil 800 trillion won plan for second chip cluster
South Korea\'s semiconductor materials, parts and equipment sector is drawing attention after the government, Samsung Electronics and SK Hynix unveiled an 800 trillion won investment plan for a second semiconductor cluster in the southwest. The government is pushing three mega projects centered on semiconductors, physical AI and AI data centers. It expects early benefits for infrastructure and process equipment orders and aims to link production in the southwest with supplier bases in the southeast and Daegyeong regions.
Industry
Semiconductor hub expands to southwest as Samsung, SK outline 1,000 trillion won investment
Samsung Electronics and SK Group plan to expand semiconductor production into South Korea\'s southwest region, citing rising AI-driven memory demand. Samsung plans to build four memory fabs in the area, while SK outlined 2,100 trillion won of investment, including 400 trillion won for a new southwest cluster. Executives presented regional investment plans at the presidential office. The government outlined a nationwide semiconductor cluster strategy and detailed power, water and policy support measures.
Industry
SK Hynix to overhaul long-term supply contracts to prioritise volumes over price
SK Hynix is reviewing a new structure for long-term supply agreements, saying customers increasingly view securing volumes as a key risk. The company reported record quarterly revenue and operating profit for the first quarter of 2026 and said shortages of HBM, server DRAM and enterprise SSDs may persist, extending a price upcycle. It will bring forward the start of its Yongin cluster Phase 1 fab and accelerate NAND transitions and next-generation product rollouts.
