SK Hynix in Discussions to Establish Design Center in Portugal

SK Hynix is in discussions with the Portuguese Trade and Investment Agency (AICEP) to establish a semiconductor design center in Portugal.

On the 3rd, local Portuguese media reported that SK Hynix and the Portuguese Trade and Investment Agency signed a memorandum of understanding (MOU) to carry out an investment project in the semiconductor sector in 2024. The MOU signing took place with the attendance of SK Hynix executives, including Vice Chairman Park Jung-ho and Future Technology Research Institute head Cha Seon-yong, as well as Portuguese government officials, including Prime Minister Ant?nio Costa.

SK Hynix stated that they have only signed a basic MOU and that specific forms of semiconductor investment cooperation with Portugal have not yet been decided. However, they explained that they are discussing investment directions toward establishing a design center capable of memory semiconductor design, which would allow them to utilize infrastructure within Europe. This is the first time SK Hynix is making a direct semiconductor investment in Portugal.

This MOU was promoted following Portuguese Prime Minister Costa’s visit to Korea in April, where he met with SK Hynix Vice Chairman Park Jung-ho, and subsequently, SK Hynix executives visited Portugal in a return visit. At that time, Prime Minister Costa reportedly conveyed to Vice Chairman Park that Portugal desires semiconductor cooperation with SK Hynix.

This content was produced with the assistance of AI translation services.