(iTers News) - Rumors have it that SK Hynix plans to establish a 50:50 joint-venture wafer fab foundry plant with a Chinese local company in Wuxi, China, a wafer fabrication hub of SK Hynix.

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Yet specific details are still unavailable.


According to Koran vernacular IT news daily Electronics Times,  construction will begin in the first quarter of 2019 and com online by early 2020


A foundry fab or contract chip making business is to produce no chips of its own design, but just fabricate chips of customers’ design.

According to market research firm IHS Markit, the global foundry market is projected to grow at an annual average rate of 8% through next three years. 

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