South Korea presidential office policy chief Kim Yong-beom said on June 24 that Samsung Electronics and SK Hynix’s plan to build a new semiconductor cluster has entered final discussions and will be publicly announced once finalized. He said AI-driven chip demand has led to a substantial acceleration of construction at the existing Yongin cluster. SK Hynix plans four fabs in Yongin and is discussing moving completion of the fourth fab forward from 2044 to 2034.

2026-06-24

South Korea presidential office policy chief Kim Yong-beom said on June 24 that Samsung Electronics and SK Hynix’s plan to build a new semiconductor cluster has entered final discussions and will be publicly announced once finalized. He said AI-driven chip demand has led to a substantial acceleration of construction at the existing Yongin cluster. SK Hynix plans four fabs in Yongin and is discussing moving completion of the fourth fab forward from 2044 to 2034.