February 21, 2019 / 2:30 AM / 4 months ago

SK Hynix plans to invest $107 bln to build 4 semiconductor fabs after 2022

SEOUL, Feb 21 (Reuters) - South Korea’s SK Hynix Inc , the world’s second-biggest memory chipmaker, said on Thursday it has submitted an investment letter of intent to host a semiconductor cluster site in the country.

The company will invest 120 trillion won ($106.66 billion) to build four semiconductor fabs after 2022 in the new cluster at Yongin, 40 kilometers south of Seoul, SK Hynix said.

$1 = 1,125.1000 won Reporting by Heekyong Yang, Editing by Sherry Jacob-Phillips

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