New Hynix Plant Under Construction in Korea
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Memory chip maker Hynix has broken ground on a new US$4.1 billion plant in Korea. Korea plans to make NAND flash memory at the new facility. Seems that Hynix had some land development road-blocks that are now resolved and the new plant construction is now underway.
Trouble winning an environmental permit at one factory location and a huge markup in land prices near another Hynix plot had put the decision in doubt earlier this year. The South Korean memory chip maker ran into so much trouble that speculation arose it would build in China instead. But on Thursday, Hynix said it had already broken ground on the 12-inch (300 millimeter) chip factory in Chongju, Korea.
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