Samsung and SK Hynix Commit to Two New Chip Fabs in $518 Billion Project

*South Korea’s leading memory makers will construct additional fabrication plants under a national investment program announced during a presidential briefing.*

Samsung and SK Hynix will build two new chip fabrication plants. The combined effort forms part of a $518 billion project.

The announcement came from a South Korean presidential briefing on 29 June 2026. It updates earlier national plans to expand domestic semiconductor capacity.

The two fabs represent the next concrete step in that program. No further technical specifications or timelines appear in the briefing record.

Why it matters

For engineers and hardware teams, the move signals continued growth in advanced memory production capacity inside South Korea. Supply chains that rely on DRAM and NAND from these firms can expect additional volume, though exact output targets remain undisclosed.

The scale of the commitment also underscores how national policy continues to steer private capital into silicon manufacturing. Companies that design chips or purchase them at volume will watch execution closely.

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Sources:

• Bloomberg Technology

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