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THE INVESTOR] SK hynix said on Sept. 28 it will build a new research and development center by investing 200 billion won (US$174 million).
Korea’s No. 2 chipmaker said the center will be located in Icheon, 80 kilometers south of Seoul, which is also the home of its headquarters.
The new center will be big enough for a workforce of 4,000, with construction expected to be finished by September 2019.
The company said the center will accommodate researchers currently working at different locations.
SK hynix has been expanding investment in R&D projects to beef up its competitiveness. SK hynix spent 2.1 trillion won on R&D last year, which is equal to 12.2 percent of its 2016 sales.
By Alex Lee and newswires (
alexlee@heraldcorp.com)