South Korea's SK hynix is considering a plan to build a memory semiconductor plant in Miyagi Prefecture. The investment is expected to be on the order of several tens of trillions of won, and has been reported as potentially becoming the first large-scale investment by a South Korean company in Japan.
SK hynix is moving forward with a plan to build a memory semiconductor production plant in Miyagi Prefecture, with the aim of establishing a local production base in Japan, according to information confirmed. The investment is expected to be on the order of several tens of trillions of won and is projected to be the first such large-scale investment in Japan by a South Korean company.
As the plan takes shape, Miyagi is understood to have been considered as an investment destination because of the importance placed on securing a large site and ensuring stable supplies of power, water and logistics services. As the semiconductor supply chain continues to be rebuilt, major overseas companies are also making a series of investments in Japan.
Although policy developments in various countries and the trilateral economic environment could affect future decisions, the project remains under consideration at this point, and the timing and scale of any specific investment have not been determined.
Related reports have suggested that the investment under consideration could help strengthen Japan's domestic semiconductor supply system. Official announcements will be needed before the outcome and timing of the investment can be determined.