SK Hynix has announced that it will invest 54 trillion Korean won ($38.1 billion) to build two new memory chip facilities in South Korea. The first cleanroom will start production as early as June 2029, SK Hynix officials said. The company said it would invest 35.2 trillion won ($24.9 billion) in a Yongin fabrication plant to produce HBM and other DRAM products, and 19.1 trillion won ($13.2 billion) for a facility in Cheongju that will manufacture NAND storage chips. With the new fabs, SK Hynix is betting that this AI boom will continue, despite increasing analyst fears that the bubble may burst. In a quest for higher profitability, manufacturers like Samsung and SK Hynix are allocating the majority of their chips to data center companies.