SK Hynix board approves $38 bln investments for South Korea's Yongin, Cheongju chip plants

South Korea's SK Hynix said on Friday that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction ​of its chip fabrication plant in Yongin and 19.1 trillion won for its ​M17 chip plant in Cheongju.