S. Korean semiconductor giant to build industrial park in WND

SK Hynix, a global semiconductor giant based in South Korea, signs an agreement with the Wuxi National Hi-tech District on Jan 16 to build an integrated circuit industrial park. [Photo/wxrb.com]

SK Hynix, a global semiconductor giant based in South Korea, signed an agreement with the Wuxi National Hi-tech District on Jan 16 to build an integrated circuit industrial park.

The newly-built industrial park, with a total investment of 2 billion yuan ($291 million), will work to build an economic cluster for the semiconductor industry under the leadership of SK Hynix and the efforts of other supporting companies and R & D centers.

A series of supporting facilities, including business centers and apartments, will also be built in the area.

Li Xiaomin, vice-chairperson of the Standing Committee of the Jiangsu Provincial People's Congress, praised the signing of the project deal and expressed his gratitude to SK Hynix for its long-term support for Wuxi and Jiangsu province.

As a global leader in semiconductors, SK Hynix is one of Wuxi's most important foreign partners. It has invested around $20 billion in Wuxi, making it the foreign enterprise with the largest single investment in the city and the most advanced semiconductor production technology in Jiangsu.

In addition to factories and headquarters, SK Hynix also built a sales center, school, and hospital in Wuxi.

Lee Seok-Hee, president of SK Hynix, was optimistic about the company's development in Wuxi. He said that the company's expanded fabrication plant in Wuxi began mass production in May and that its yield was the highest in the world. The company attaches great importance to its cooperation with Wuxi and has high hopes for the future of their partnership.

Huang Qin, Party secretary of Wuxi, and Du Xiaogang, mayor of Wuxi, echoed Lee's optimism about their cooperation.

The signing of the project deal signals the start of a new era for our cooperation, Du said.