By Yoon Sung-won
SK hynix, the world's second-largest memory chip maker, said will invest more than 6 trillion won ($4.94 billion) in technology and infrastructure this year to fight global uncertainties.
The company said Thursday it will hold an executive workshop on Jan. 16 to discuss 2016 business strategies to survive amid slowdown in memory chip demand due to increasing global economic uncertainties and to compete with China's entrance into the semiconductor industry.
Despite such difficult business conditions, SK hynix stressed it would still invest 6 trillion won this year, which is similar to last year when the company the largest investment in its history. The company expected to build a firm basis for growth by developing competitive technologies and securing manufacturing infrastructure for the long term.
"We will convert the risks we face into opportunities and further strengthen the basis for growth by revitalizing our unique DNA to overcome the crisis, and continue to invest to boost competitiveness," an SK hynix official said.
SK Group expanded infrastructure investment in SK hynix by more than 10 percent right after it acquired the company in 2012, despite shrinking investment in the semiconductor industry.
The move has resulted in its record-breaking performances in the last three years, according to the company.
The company said it would solidify its position as the world's second-largest memory chip manufacturer in 2016 and also foster the nation's semiconductor industry.
To that end, it will concentrate on boosting product competitiveness, price competitiveness and investment efficiency and capability for growth.
In particular, it will push to develop new memory chip technologies such as 2z, 1x nano DRAM and three-dimensional NAND Flash, and make investments to mass-produce them.
The company will also build more manufacturing lines at its plants in Ichone, Gyoenggi Province and Cheongju, North Chungcheong Province.
In line with the announcement, the company will prepare for the second-phase construction of its M14 factory while buying a site for a plant in Cheongju.
Citing data from the Institute of Economic Research at Seoul National University, the company said its M14 factory was expected to generate 55 trillion won is sales, and to create 210,000 jobs by 2021.
SK hynix also said it would implement policies for mutual growth with its subcontractors, such as sharing technologies and business results.
SK hynix, the world's second-largest memory chip maker, said will invest more than 6 trillion won ($4.94 billion) in technology and infrastructure this year to fight global uncertainties.
The company said Thursday it will hold an executive workshop on Jan. 16 to discuss 2016 business strategies to survive amid slowdown in memory chip demand due to increasing global economic uncertainties and to compete with China's entrance into the semiconductor industry.
Despite such difficult business conditions, SK hynix stressed it would still invest 6 trillion won this year, which is similar to last year when the company the largest investment in its history. The company expected to build a firm basis for growth by developing competitive technologies and securing manufacturing infrastructure for the long term.
"We will convert the risks we face into opportunities and further strengthen the basis for growth by revitalizing our unique DNA to overcome the crisis, and continue to invest to boost competitiveness," an SK hynix official said.
SK Group expanded infrastructure investment in SK hynix by more than 10 percent right after it acquired the company in 2012, despite shrinking investment in the semiconductor industry.
The move has resulted in its record-breaking performances in the last three years, according to the company.
The company said it would solidify its position as the world's second-largest memory chip manufacturer in 2016 and also foster the nation's semiconductor industry.
To that end, it will concentrate on boosting product competitiveness, price competitiveness and investment efficiency and capability for growth.
In particular, it will push to develop new memory chip technologies such as 2z, 1x nano DRAM and three-dimensional NAND Flash, and make investments to mass-produce them.
The company will also build more manufacturing lines at its plants in Ichone, Gyoenggi Province and Cheongju, North Chungcheong Province.
In line with the announcement, the company will prepare for the second-phase construction of its M14 factory while buying a site for a plant in Cheongju.
Citing data from the Institute of Economic Research at Seoul National University, the company said its M14 factory was expected to generate 55 trillion won is sales, and to create 210,000 jobs by 2021.
SK hynix also said it would implement policies for mutual growth with its subcontractors, such as sharing technologies and business results.
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