SK Hynix announced an expansion of its support program for partners at an event on Monday, which includes providing financial support equivalent to up to 50% of R&D expenses in advance. Even if the project does not eventually lead to successful technology or actual procurement, SK Hynix will settle the settlement based on the technical achievements and contributions of the partner companies. During the testing and verification phase, SK Hynix will open up infrastructure, including production lines, to help partners verify the performance and reliability of its products. In the mass production phase, SK Hynix will provide low-interest financing support through its “Common Growth Fund” and expand the scope of consulting services to tier 2 and 3 suppliers. In the sales phase, SK Hynix plans to double the size of its fund to support supplier payments, from the current 50 billion won to 100 billion won.

SK Hynix announced an expansion of its support program for partners at an event on Monday, which includes providing financial support equivalent to up to 50% of R&D expenses in advance. Even if the project does not eventually lead to successful technology or actual procurement, SK Hynix will settle the settlement based on the technical achievements and contributions of the partner companies. During the testing and verification phase, SK Hynix will open up infrastructure, including production lines, to help partners verify the performance and reliability of its products. In the mass production phase, SK Hynix will provide low-interest financing support through its “Common Growth Fund” and expand the scope of consulting services to tier 2 and 3 suppliers. In the sales phase, SK Hynix plans to double the size of its fund to support supplier payments, from the current 50 billion won to 100 billion won.