Hynix postpones NAND fab extension

Author: EIS Release Date: Jul 28, 2022

Hynix has postponed a$3.3 billion expansion of  its NAND fab in the Korean city of Cheongju  in response to an over-supplied market, lagging demand and diving prices.

 

Competitors Micron and Samsung have already announced capex cut-backs. The three have an 81% market share in the NAND market.

 

China’s NAND competitor, Yangtze Memory of Wuhan,  is running its first 100,000 wpm fab at full capacity and will bring a second, 200k wpm,  fab on-line later this year.

 

It is not unknown in the memory business for companies to engineer a market glut to ensure that an investment by a new player is unprofitable.