SK Hynix aims to double wafer capacity within five years, chairman says

SK Hynix, a leading memory chipmaker, announced a major expansion plan. The company intends to double its wafer production capacity. The target is to achieve this growth within the next five years. The plan was outlined by the group chairman in a recent statement. Expanding wafer capacity would strengthen SK Hynix’s market position. The move could help meet rising demand for memory chips. The company is likely to invest in new fabrication facilities and equipment. Industry observers will watch the rollout for its effect on supply chains.