SK Group to double wafer production cap over next 5 years, says chairman - The Korea Times

SK Group Chairman Chey Tae-won delivers opening remarks at ERT Members' Day event held at the Korea Chamber of Commerce and Industry building in Seoul, May 20. Yonhap

SK Group Chairman Chey Tae-won said during his visit to Taipei on Tuesday that SK hynix Inc. plans to increase its wafer production capacity twofold in the next five years.

Chey made the remarks to reporters while attending Computex, one of Asia's largest technology trade shows currently underway in Taiwan's largest city, saying that the memory bottle neck will likely continue on until 2030.

"It requires not only a lot of investments, but at least three years to build a new memory fab," Chey said. "Despite such challenges, we plan to double our production capacity of wafers over the next five years," he added.

The comments mark the first time Chey has made public SK hynix's future production plans.