Great news for AMD and Nvidia, less so for cash-strapped consumers

Memory makers just can't churn out their DRAM fast enough. On the heels of an AI-driven shortage, SK Hynix on Tuesday announced a new 19 trillion Korean won (about $13 billion) advanced packaging and test facility in South Korea that could offer some relief - just not for consumer products like laptops and phones.

The South Korean memory giant unveiled the new site, dubbed P&T7, which will be located at the Cheongju Technopolis Industrial Park in Chungbuk, South Korea. Work on the plant is expected to begin in April with completion targeted for the end of 2027.

The site aims to address surging demand for high-bandwidth memory (HBM) modules used extensively in datacenter GPUs and AI accelerators. Between 2025 and 2030, SK expects HBM demand to grow by an average of 33 percent a year, fueled in no small part by extreme demand for AI infrastructure.

HBM is manufactured by ...