SK Hynix’s equipment investment rose by over 70% in the first half of the year, as the company ramps up AI storage production capacity.
56 minutes ago
According to South Korean media reports, to address the growing demand for artificial intelligence (AI) storage, SK Hynix significantly boosted its equipment investment and R&D spending in the first half of this year. Cash outlays for acquiring tangible assets surpassed 18 trillion won, rising more than 70% year-on-year. Per SK Hynix’s semi-annual report disclosed on the 14th, on a consolidated basis, the company’s cash expenditure for tangible asset purchases in H1 totaled 18.3288 trillion won, an increase of 72.7% from 10.6157 trillion won in the same period last year. R&D investment also saw a sharp jump: total R&D expenditure hit 6.0428 trillion won in H1, up 98.4% from 3.0456 trillion won year-on-year, with 5.8163 trillion won allocated to ongoing development costs. Driven by growing demand for AI-specific high-bandwidth memory (HBM), server DRAM, and enterprise-grade solid-state drives (SSD), SK Hynix is accelerating the expansion of its production facilities.
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