On August 7, SK Hynix disclosed at the Korea Exchange that it plans to invest KRW 19.1 trillion in the M17 chip plant in Cheongju, South Korea, by April 30, 2031, and KRW 35.2 trillion in the Longren Semiconductor Industrial Park by October 31, 2031, to build a second-phase wafer fab. This is to ensure medium- to long-term production capacity and meet the memory market demand.