M14 is a semiconductor factory for 300 mm wafers, and the first new factory built by SK Hynix in Icheon in 18 years. SK Hynix will begin to produce memory semiconductors with the world’s strongest competitiveness at the cutting-edge factory. A total of 15 trillion won (US$12.6 billion) will be invested in this factory, which will secure a monthly production capacity of 300,000 by the end of this year.
SKH also unveiled a plan to build two more semiconductor factories in addition to M14 by investing a total of 46 trillion won (US$38.7 billion) in this future vision. A total of 15 trillion won will go into M14 and 31 trillion won (US$31 billion) into the two additional factories. Therefore, SK Hynix will build three new factories in total in the next ten years.
The recent advancement of the ICT environment has steadily fueled demand for semiconductors, and a global race is getting hotter to preoccupy markets. In addition, the toughening of segmentation to enhance production cost and product competitiveness is leading to an increase in the number of processes and the expansion of the size of equipment. This change is calling to scale up production capacities such as spaces for semiconductor production.
At the moment, things are tough in the semiconductor market because of a drop in DRAM prices, but SK Hynix is planning to quickly respond to market changes, such as the expansion of its production base, with the aim of taking its leadership in the semiconductor industry. The company is planning to build a new plant in Icheon, Gyeonggi-do and another in Cheongju.  Therefore, they will began groundwork in Icheon next year and secure a new site in Cheongju this year. 
Estimated that sales generated by the M14 plant will create economic effects of 55 trillion won (US$46 billion) and create 210,000 jobs in the national economy. Moreover, the center expects investment in M14 to bring about production effects of 5.1 trillion won (US$4.3 billion) and give 59,000 people jobs. SK Hynix expects that massive investment in the two new factories will create economic effects three times as much as the investment into M14.