SK Group chairman Chey Tae-won says chip plant to be built quickly to meet demand
In short
SK Group chairman Chey Tae-won said he expects global chip demand to keep growing rapidly, according to reports carried on October 9. Citing sufficient power and water supply, he said there are plans to complete a chip factory as soon as possible to meet market demand.
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SK Group chairman Chey Tae-won said he expects global chip demand to continue growing rapidly, according to reports published on October 9. Citing sufficient supplies of electricity and water, he said there are plans to complete a chip factory as soon as possible to meet market demand. [ 2 , 3 ]
Yicai published the report at 14:00 local time. 36Kr carried it two minutes later, crediting Yicai, and Jiemian followed at 14:22. [ 1 , 2 , 3 ]
Why it matters
Chey expects global demand for chips to continue growing rapidly, and the plan is aimed at meeting market demand. The reports give no location, size or timetable for the plant.
Key facts
- SK Group chairman Chey Tae-won expects global chip demand to continue growing rapidly. [ 2 , 3 ]
- Chey said there are plans to complete a chip factory as soon as possible to meet demand. [ 1 , 2 , 3 ]
- He cited sufficient power and water supply as the reason. [ 2 , 3 ]
- 36Kr attributed its report to Yicai. [ 2 ]
- Jiemian's report is dated October 9. [ 3 ]
Confirmed by several sources
Still unclear
- Where the chip factory would be built. None of the reports names a location.
- The size, cost and completion date of the plant. The reports give no figures or timetable.
- Where and in what setting Chey made the remarks. The outlets say only that the remarks were reported, without naming the original occasion.