Capital of Miyagi, largest city in Tohoku
SK Hynix has opened a US packaging facility in Indiana, a centerpiece of its plan to boost domestic memory production for AI. Production is slated to begin in 2028, with a larger role for the US supply chain and 1,000 jobs at full operation. Meanwhile, Kioxia plans a third plant in Japan as global memory suppliers expand capacity to meet AI demand.
Korea is consolidating state-backed utilities and reshaping its energy and industrial landscape. The government has announced a merger of Korea Oil Corp. and Korea Gas Corp., while five KEPCO units will combine and Korea Coal Corp. will be liquidated. Separate moves include a joint plant search by SK Hynix as it expands outside Korea amid AI demand.