Hynix says to invest $568 mln to expand plant
SEOUL
(Reuters) - Hynix Semiconductor, the world's No.2 memory chip maker, said on Wednesday it would spend 637 billion won ($567.7 million) by March to expand and upgrade its existing plant and conduct research and development.
The investment was aimed at coping with market demand and strengthening cost competitiveness, Hynix said in a regulatory filing.
(Reporting by Hyunjoo Jin; Editing by Jonathan Hopfner)
Credit: Reuters (www.reuters.com)
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