South Korean media reported that SK hynix was considering a semiconductor memory plant in Miyagi Prefecture, but SK hynix and Miyagi Prefecture denied that any plans had been finalized. The outlook for the project will likely center on US pressure to prioritize domestic production and the potential use of Japanese government subsidies.
The Hankyoreh reported on 21 August that SK hynix was considering building a semiconductor memory plant in Miyagi Prefecture at a cost of tens of trillions of won. The report also cited information that Chairman Choi Tae-won (崔泰源) had visited the proposed site. If true, the project could become a major investment in Japan.
In response, the Korea Exchange reportedly requested that SK hynix confirm the facts. The company said that it was considering establishing production facilities to strengthen its competitiveness, but that there were no confirmed plans at this time. The company was also reportedly expected to make a further disclosure within one month.
The Japanese government has expressed a welcoming stance toward investment in Japan by overseas companies. Reports suggest that it aims to strengthen supply chains by using subsidies to foster collaboration with Japan’s manufacturing equipment and materials ecosystem. Earlier comments by Chairman Choi Tae-won (崔泰源) expressing interest in Japan indicated that he viewed the country as having a well-established manufacturing ecosystem.
In the United States, the Secretary of Commerce said that discussions were under way with Samsung Electronics and SK hynix on prioritizing memory production in the US. Investment based on domestic US production could therefore become the top priority. SK hynix has also previously been linked to potential facilities in the US, and reports say that the choice of location remains uncertain.