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SK Hynix posted record results, with net profit jumping nearly fivefold in the first quarter.
SK Hynix posted a record net profit of 40.346 trillion won, nearly five times last year's result.
KEY POINTS
- SK Hynix will invest an additional 19 trillion won in a new chip-packaging plant in Cheongju, South Korea.
- The company is building a semiconductor hub in Yongin with a total estimated investment of 600 trillion won.
- SK Hynix plans to buy about $8 billion worth of advanced EUV machines from ASML by 2027.
- SK Hynix seeks a U.S. listing via American depositary receipts to raise funds for expansion.
COMPANIES
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