SK Hynix plans to double its wafer production capacity within five years.
SK Group Chairman Chey Tae-won announced the expansion at the Computex conference in Taipei.
Chey projects that global memory supply shortages could persist through 2030.
The investment addresses critical supply bottlenecks for high-bandwidth memory (HBM) chips.
SK Hynix currently serves as a primary HBM supplier for major firms including Nvidia.
The company expects 2026 capital expenditures to significantly exceed 2025 spending levels.