SK hynix to purchase $7.9 bil. worth of chip equipment from ASML

Nvidia's VR200 and SK hynix's high bandwidth memory HBM4 product and SOCAMM2 are displayed at the Future Technologies Conference in California, March 17 (local time). Courtesy of SK hynix

SK hynix on Tuesday decided to purchase advanced production equipment worth 12 trillion won ($7.9 billion) from the Netherlands-based ASML, in line with efforts to address growing demand for memory chips.

The Korean chipmaker announced the decision through a regulatory filing, noting the equipment, extreme ultraviolet (EUV) scanners, will be delivered by December 2027 for its next-generation production processes.

The move comes amid SK hynix's push to expand the production of memory chips, including high bandwidth memory (HBM), on the back of soaring demand from the artificial intelligence (AI) industry.

SK hynix plans to accelerate the transition to sixth-generation process technology using the new EUV scanners, aiming to expand its AI-related memory portfolio.

"We aim to respond to soaring global memory demand and solidify our leadership in the market," an SK hynix official said.

Source: Korea Times News