Apple RAM supplier makes $38B bet on AI boom lasting until 2029

One of Apple's memory suppliers is making a massive investment to expand chip production amid global shortages, but it won't make your next iPhone any cheaper.
Apple supplier SK hynix invests $38B in AI memory — Image credit: SK Hynix
On Friday, SK hynix announced that it has approved a 54 trillion won ($38.3 billion) investment to build two new semiconductor fabrication plants in South Korea.The investment includes 35.2 trillion won ($24 billion) towards the Yongin Y2 facility, which will