In the wake of the Ukraine War, the ripple effects are felt far beyond the Eastern European theater. As China and Iran throw their weight behind Russia, the landscape of global commerce undergoes seismic shifts.

SK Hynix held a press conference on May 2 at its headquarters in Icheon, Gyeonggi Province, to reveal details of its investment plans for the M15X fab in Cheongju and the Yongin Semiconductor Cluster in South Korea, as well as advanced packaging facilities in Indiana, the US. Company CEO Kwak Noh-Jung disclosed during the conference that SK Hynix has already sold out of its HBM memory production for this year and is almost sold out for 2025.

Ongoing layoffs at Tesla have hit the EV maker’s charging team.