Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Proxy Advisors Urge Vote Against ANZ’s Executive Pay Report Amid Scandal Fallout 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Baidu Cuts Jobs as AI Competition and Ad Revenue Slump Intensify 
Trump Administration to Secure Equity Stake in Pat Gelsinger’s XLight Startup 
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry 
Magnum Audit Flags Governance Issues at Ben & Jerry’s Foundation Ahead of Spin-Off 
ByteDance Unveils New AI Voice Assistant for ZTE Smartphones 
Apple Appoints Amar Subramanya as New Vice President of AI Amid Push to Accelerate Innovation 
Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns 
Samsung Launches Galaxy Z TriFold to Elevate Its Position in the Foldable Smartphone Market 
TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation 
EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp 
SK Hynix, Nvidia’s prominent supplier, is investing $6.8 billion in a new chip plant in South Korea to support AI chip production.
SK Hynix to Expand Chip Production
The second-largest memory chip manufacturer in the world, SK Hynix, announced on Friday that it will invest approximately $9.4 trillion won ($6.8 billion) in its first chip plant in the city of Yongin, South Korea.
According to Reuters, the Nvidia supplier has been preparing to build four new chip facilities at a semiconductor cluster near Seoul since 2019. On Thursday, they posted their greatest earnings since 2018 and pointed to increased demand for AI chips.
Yongin Cluster Key to Future Growth
"The Yongin cluster will be the foundation for SK Hynix's mid- to long-term growth," stated Kim Young-sik, the company's head of manufacturing technology.
SK Hynix stated in a regulatory filing that the investment is intended to meet the demand for artificial intelligence semiconductors and to ensure the company's continued growth.
More than fifty small local companies in the chip industry will eventually be housed on the enormous 4.2 million square meter property, according to a statement released by SK Hynix. The business plans to construct four chip facilities that will produce next-generation semiconductors.
The figures released on Friday should cover the first plant's operations until the end of 2028, including utilities like water and electricity, as well as business support and welfare facilities, per CNA.
SK Hynix to Incorporate Mini-Fab Facility
The company announced that it will incorporate a "mini-fab"—a research facility capable of processing 300 mm silicon wafers—to provide a realistic testing environment for domestic chip materials and equipment suppliers.
In April, the business announced plans to invest $3.87 billion in an innovative packaging plant and an artificial intelligence product R&D center in Indiana, USA. This news follows those initiatives.
