SEOUL (Reuters) - South Korean memory chipmaker SK Hynix said on Wednesday it plans to invest 5.3 trillion won ($3.86 billion) to build a chip factory for a new dynamic random access memory (DRAM) chip production base in South Korea.

The Nvidia supplier plans to start construction at the chip factory, called M15X, at the end of April with an aim to complete it by November 2025 for mass production.