Technology

SK hynix Invests 54 Trillion Won in Yongin Y2 and Cheongju M17 to Secure Mid-to-Long-Term Production Base for AI Memory Demand

Published

1 day ago

August 7, 2026

The company to invest 35.2 trillion won in Yongin “Y2” fab and 19.1 trillion won in the Cheongju “M17” fabTo execute mid-to-long-term investment strategy… Y2 to open cleanroom in June 2029 and M17 in December 2028 Expand production base for both DRAM and NAND and to increase capacity aligned with customer demand”Strategic investment decision to seize opportunities in line with the market’s growth speed and to contributing to the stability of the global AI semiconductor supply chain.”

SEOUL, South Korea, Aug. 7, 2026 /PRNewswire/ — SK hynix Inc. (or “the company”, www.skhynix.com) announced today that it has decided to build new fabs in Yongin and Cheongju to respond to the continuously growing demand for memory in the AI era.

The company approved a total investment of approximately 54 trillion, 35.2 trillion won in Yongin “Y2” fab and 19.1 trillion won in the Cheongju “M17” fab, in a board meeting.

This decision represents execution of the mid-to-long-term investment strategy announced by the company last June. Under its master plan to invest 600 trillion won in the Yongin Semiconductor Cluster and 100 trillion won to expand its Cheongju production base, SK hynix is currently constructing its first fab in Yongin (Y1). With this latest decision, the company is embarking on the construction of subsequent fabs in both Yongin and Cheongju.

According to market research firm Omdia, both DRAM and NAND demand are projected to maintain a compound annual growth rate (CAGR) of 19% from last year through 2030. The company views this growth not as a temporary supercycle, but as a structural transformation in which memory transcends its role as a mere component to become core infrastructure determining AI performance itself.

SK hynix stated that in the AI era, technological competitiveness alone is not enough and the ability to supply the required volume at the exact moment customers need it is the ultimate competitive advantage. We reached this investment decision after a thorough review of market demand.

Yongin Y2 is the second of four fabs planned sequentially for the Yongin Semiconductor Cluster. It will serve as a DRAM production base spanning a total floor area of 341,000 pyeong (approximately 1,130,000m2). Construction is scheduled to break ground in July next year, targeting the opening of its first cleanroom in June 2029 to produce high-bandwidth memory (HBM) and other next-generation DRAM products. Meanwhile, construction on Y1 is progressing smoothly toward its initial cleanroom opening target of February next year.

SK hynix previously set a goal to advance the completion date of the Yongin Semiconductor Cluster by 12 years—from the originally planned 2045 to 2033—to finish constructing all four fabs. The Y2 construction serves as the second phase supporting this accelerated timeline and the investment spans to October 2031 sequentially.

The investment amount includes construction costs for “Business Support Building” with administrative and welfare facilities for Y2 personnel, an “Integrated R&D Center” to consolidate product development testing, analysis, and experiments, as well as auxiliary infrastructure[1]..

[1] Auxiliary infrastructure: Water treatment facilities, utility conduits (underground structures capable of accommodating power lines, telecommunications lines, water/sewer pipes, and thermal supply lines), substations, warehouses, etc.

For the Yongin Semiconductor Cluster—sprawling over approximately 1.26 million pyeong(approximately 4,160,000m2) in Wonsam-myeon, Cheoin-gu, Yongin-si, Gyeonggi-do—Phase 1 power and water infrastructure required up through Y2 operation is nearing completion, currently at a 99% progress rate. As fab construction and infrastructure setup have been carried out concurrently, the company plans to proceed with the Y2 construction according to schedule.

In the NAND market, demand is surging rapidly centered on enterprise SSDs driven by the full-scale expansion of AI services. This is further boosted by demand for key-value (KV) cache[2] storage in AI inference, with application fields expected to broaden further as Agentic and Physical AI are introduced.

[2] KV Cache: A technique that stores and reuses previously computed Key and Value vectors to minimize inefficient redundant calculations during inference.

SK hynix selected Cheongju as its new NAND fab base because it offers the fastest fab construction timeline. The Cheongju Campus already houses the M11, M12, and M15 fabs, enabling efficient production linked to existing operations on sites equipped with substantial pre-established power and water infrastructure. Cheongju M17 will be built across a total area of 206,000 pyeong(approximately 680,000m2), breaking ground in February next year with plans to open its first cleanroom in December 2028. The investment period runs through April 2031 according to the master plan.

SK hynix plans to proactively secure production infrastructure based on mid-to-long-term demand discussed with customers, while expanding actual production capacity in alignment with the timing of customer needs. Fabs will be constructed according to the master schedule, whereas cleanroom expansions and equipment installation will take place sequentially in line with demand trends to maximize capital efficiency.

The company expects this investment to secure future growth foundations while strengthening the competitiveness of the domestic semiconductor ecosystem and boosting local economies. The large-scale simultaneous investments in Yongin and Cheongju are anticipated to expand joint growth opportunities for supply chain partners, generate employment, and revitalize local commercial districts, thereby contributing to the sustainable growth of the national economy.

An SK hynix official stated that “This investment is a decision made to seize opportunities in line with the market’s growth speed. By proactively securing production capabilities, we aim to establish ourselves as a key partner in AI infrastructure, contributing to the stability of the global AI semiconductor supply chain.”

About SK hynix Inc.

SK hynix Inc., headquartered in Korea, is the world’s top-tier semiconductor supplier offering Dynamic Random Access Memory chips (“DRAM”) and flash memory chips (“NAND flash”) for a wide range of distinguished customers globally. The Company’s common shares are traded on the Korea Exchange, its American Depositary Shares are traded on NASDAQ, and its Global Depository Shares are listed on the Luxembourg Stock Exchange. Further information about SK hynix is available at www.skhynix.com, news.skhynix.com.

Forward-Looking Statements

This press release may contain forward-looking statements, which involve risks and uncertainties. These statements are generally identified words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” and similar expressions, or the negative of such expressions. Forward-looking statements are not guarantees of future performance and are subject to inherent risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Readers are cautioned not to place undue reliance on any of these forward-looking statements. These forward-looking statements speak only as of the date hereof. SK hynix undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this news release or to reflect actual outcomes, unless required by law.

This press release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in any jurisdiction. No part of this press release should form the basis of, or be relied upon in connection with, any contract, commitment, or investment decision.

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SOURCE SK hynix Inc.

Technology

Best Graphic Design Software for Print and Production Work (2026): CorelDRAW Recognized for Print-Friendly, Production-Ready Workflows by Better Business Advice

Published

1 hour ago

August 8, 2026

NEW YORK, Aug. 8, 2026 /PRNewswire/ — Better Business Advice has recognized CorelDRAW in a review of the best graphic design software for print and production work. The recognition highlights a production-centered workflow built for print shops, sign shops, apparel decorators, screen printers, in-house marketing teams, and professional designers.

Best Graphic Design Software for Print and Production Work:

CorelDRAW – provides professional design and production tools designed to help print shops prepare artwork, manage color, work at accurate scale, repair client files, and export production-ready assets.

The review focuses on the practical stages between creative development and final output. Print production often requires accurate dimensions, controlled color, clean source files, organized pages, and dependable exports. CorelDRAW brings those tasks together within a professional graphics suite designed to support both design and production preparation.

CorelDRAW Graphics Suite 2026 also introduces AI-assisted tools, interface updates, and performance improvements. The release strengthens image preparation and everyday usability while maintaining an emphasis on professional print, signage, apparel, technical drawing, and commercial production workflows.

Production Tools for Real-World Output

CorelDRAW supports design work at a true 1:1 scale, a key consideration for banners, vehicle graphics, storefront signs, and billboards. Working at actual output dimensions can help production teams verify measurements earlier and reduce reliance on reduced-scale documents during final preparation.

Color preparation remains another central part of the workflow. CorelDRAW includes a color management engine, CMYK color separations, soft proofing, and integrated Pantone Color Libraries. These tools support informed color decisions before artwork reaches a printer, screen, or other output process.

Soft proofing previews how colors may appear under selected output conditions. Color separations prepare artwork for processes requiring individual color plates or screens. Integrated Pantone access supports spot-color workflows used in signage, packaging, branding, and apparel decoration.

Large-format production can place heavy demands on file handling. CorelDRAW is designed to manage large documents while preserving precise sizing and editable content. Multi-asset export allows pages and objects to be added to a customized export list, helping teams prepare several deliverables from one working file.

Specialized Features for Print Shops and Sign Makers

Several CorelDRAW tools address tasks commonly handled by print and sign businesses.

The Border and Grommet tool prepares canvas banner artwork by adding customizable borders and grommet placements. A dedicated setup process can reduce manual repetition when preparing recurring banner jobs or multiple size variations.

Print Merge supports personalized print materials using data from external sources. Sequential numbering, variable text, QR codes, and other customized elements can be generated directly within CorelDRAW. Common applications include labels, tickets, certificates, event materials, and numbered print runs.

The Pages docker or inspector provides a true multipage layout environment. Brochures, menus, product sheets, signage sets, and campaign materials can remain organized within one document. Pages can be viewed, rearranged, duplicated, and transferred between documents as requirements change.

The Export docker or inspector provides centralized control over formats, pages, selections, and output settings. A production team can prepare full pages, selected objects, or specific page ranges without rebuilding each export manually. This approach can improve consistency across multiple file types or production versions.

Repairing Client Artwork Before Production

Print shops frequently receive low-resolution logos, compressed JPEG files, flattened graphics, and images with unwanted backgrounds. CorelDRAW includes bitmap-editing tools within the main application, while Corel PHOTO-PAINT provides further control for image correction and pixel-based editing.

Available functions include straightening, perspective correction, color adjustment, saturation control, resampling, color-mode changes, and background removal. Keeping common bitmap tasks close to the layout can reduce interruptions during production preparation.

PowerTRACE converts bitmap images into editable vector graphics. AI-enhanced tracing controls can help preserve detail from lower-resolution source material, giving production teams a stronger starting point for logo recreation, signage, fabrication, and apparel graphics. Traced artwork can then be cleaned, resized, recolored, and adapted for different output formats.

CorelDRAW Graphics Suite 2026 adds one-click AI background removal and AI-assisted masking in Corel PHOTO-PAINT. These features can help isolate products, people, and design elements for layouts, mockups, or print compositions. AI Generate and Remix Image can also support concept development and image modification before final production work begins.

A Broader Workflow for Apparel, Marketing, and Technical Design

The same production foundation extends into apparel and textile workflows. Screen-printing teams can prepare color separations and review designs through soft proofing before film or final output. Editable graphics and spot-color support can also assist direct-to-garment, embroidery, merchandise, and textile production.

In-house marketing teams can use CorelDRAW for logos, brochures, posters, product sheets, point-of-sale materials, digital assets, and multipage collateral. Graphic design, page layout, photo editing, typography, and font management remain connected within the same suite, supporting faster movement between concept, revision, approval, and delivery.

Technical drawing tools broaden the software’s use across engineering, manufacturing, construction, and fabrication. Perspective controls support one-point, two-point, and three-point drawing. Fillet, Scallop, and Chamfer tools provide editable corner treatments for technical artwork and production shapes.

CorelDRAW Graphics Suite 2026 also includes a refreshed interface, smoother font handling, smarter page and export settings, improved stability, and app launch times reported at around three times faster or more. These changes are relevant where large files, repeated revisions, and frequent exports are part of daily work.

Purchasing Choice and Final Assessment

CorelDRAW Graphics Suite is available through subscription and one-time-purchase options. The choice allows businesses to select an approach based on update needs, budgeting preferences, cloud access, and long-term software ownership.

Subscription access includes ongoing updates, cloud-enabled workflows, CorelDRAW Web, cloud file storage, additional creative content, and recurring AI credits. One-time-purchase access provides ownership of a specific version and a one-time AI credit allocation. A 15-day trial is available without a credit card and includes 200 AI credits, allowing businesses to evaluate production workflow before committing.

Better Business Advice’s recognition centers on the connection between creative work and practical output. CorelDRAW supports artwork creation, but the broader value appears in the preparation stages that follow. Accurate scaling, color management, soft proofing, separations, multipage organization, variable-data printing, client-file repair, and flexible exports all contribute to a production-ready workflow.

For print shops and related production teams, software selection often depends on how efficiently artwork moves from an initial file to dependable final output. CorelDRAW Graphics Suite 2026 addresses that process through tools designed for real production conditions, making the suite a notable option for professional print and production work in 2026.

The full review is available at the Better Business Advice website.

About Corel

Corel is a global software company headquartered in Ottawa, Canada, with more than 100 million users in over 75 countries. Founded in 1985, Corel has built a strong reputation for innovation and usability in graphics, digital‑media, and productivity software. Its product portfolio includes vector illustration (CorelDRAW Graphics Suite), natural‑media painting (Corel Painter), photo editing (Corel PaintShop Pro), video production (Corel VideoStudio), and productivity tools (WordPerfect Office and WinZip). Corel’s software is designed for both professionals and creative consumers and provides powerful features in an accessible, easy‑to-learn format. With a global footprint that includes major offices in the US, UK, Germany, China, Taiwan and Japan, Corel continues to expand its reach while maintaining a close connection with its user community.

About Better Business Advice: Better Business Advice covers the news and strategies driving modern business success. The information provided by Better Business Advice does not, and is not intended to, constitute legal advice; instead, all information, content, and materials are for general informational purposes only. As an affiliate, Better Business Advice may earn commissions from services mentioned in the links provided.

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SOURCE BetterBusinessAdvice.com

Technology

Bybit Sues North Korea and Lazarus Group, Secures Preliminary Injunction Freezing Stolen Assets in Landmark Crypto Asset Recovery Effort

Published

6 hours ago

August 8, 2026

Lawsuit accuses North Korea and Lazarus Group of orchestrating the $1.5 billion theft, as court-ordered asset freeze supports recovery efforts and Bybit expands collaboration with law enforcement and industry partners to strengthen accountability for crypto-related cybercrime

DUBAI, UAE, Aug. 8, 2026 /CNW/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced that it has filed a civil lawsuit in the U.S. District Court for the District of Columbia against the Democratic People’s Republic of Korea (DPRK), its Reconnaissance General Bureau (RGB), and the Lazarus Group, which U.S. authorities have identified as the DPRK-linked hacking group responsible for the February 2025 cyberattack.

Bybit has also secured a preliminary injunction freezing identified stolen assets held by the unidentified individuals and entities holding or moving those funds, named in the case as John Doe defendants. The order is intended to preserve identified stolen digital assets while the litigation continues, representing an important step in Bybit’s ongoing efforts to recover funds, support international law enforcement investigations, and reinforce accountability for large-scale cybercrime. Indeed, the court found that “Bybit has demonstrated a likelihood of success on the merits” in its lawsuit.

The legal action forms part of a broader strategy combining blockchain intelligence, international cooperation, and judicial remedies to pursue the illicit actors responsible for what the court, in granting the initial temporary restraining order, described as “one of the largest cryptocurrency thefts in history.” While criminal investigations remain the responsibility of government authorities, the civil proceedings provide an additional avenue for preserving assets and protecting the interests of affected stakeholders.

“Our focus has never changed: protect our users first, recover what we can, and make sure the people behind these attacks are held accountable,” said Ben Zhou, Co-founder and CEO of Bybit. “The Lazarus attack wasn’t just an attack on Bybit. It was an attack on trust in our industry. That’s why we’ve worked closely with investigators, exchanges, regulators, law enforcement, and now the courts. We hope this marks another step toward making crypto a much harder place for criminals to operate in and a much safer place for everyone else.”

Strengthening Accountability Through Legal Action

The preliminary injunction prohibits the transfer or dissipation of identified assets connected to the case while litigation continues. Bybit intends to seek additional judicial relief as the proceedings advance.

The civil action is being pursued independently of ongoing criminal investigations conducted by U.S. law enforcement authorities. Bybit continues to cooperate closely with relevant agencies, including the FBI, by sharing blockchain intelligence and investigative findings that may support broader enforcement efforts.

As digital assets increasingly become a target of sophisticated cross-border cybercrime, the company believes legal remedies, alongside criminal enforcement, can play an important role in preserving recoverable assets and strengthening accountability.

Global Collaboration Driving Asset Recovery

Since the February 2025 incident, Bybit has worked alongside blockchain analytics firms, exchanges, custodians, and international law enforcement agencies to trace stolen assets and disrupt laundering networks.

To date:

Approximately US$48.4 million in stolen assets has been recovered.Over approximately US$30.5 million has been frozen across more than 28 exchanges and custodians, pending further legal and investigative action.

These efforts have also supported broader enforcement actions targeting infrastructure allegedly used to launder stolen funds. Authorities in Germany dismantled the cryptocurrency exchange eXch, while German and Swiss authorities later disrupted Cryptomixer.io, removing key channels used to move illicit proceeds. Together, these actions demonstrate the impact of effective cooperation between the private sector and law enforcement in combating transnational cybercrime.

“The real test comes after the crisis,” Ben added. “That’s when you show whether your commitment is real. For us, that means continuing to strengthen our security, working hand in hand with investigators and industry partners, and doing everything we can to protect our users. Trust isn’t something you claim. You have to earn it through action, every single day.”

Building a More Resilient Digital Asset Ecosystem

The legal proceedings represent one component of Bybit’s broader commitment to improving security standards across the cryptocurrency industry. The company continues to invest in advanced blockchain intelligence capabilities, deepen cooperation with exchanges and regulators, and support initiatives aimed at making digital asset theft increasingly difficult, traceable and costly for criminal organisations.

This action reflects Bybit’s commitment to holding state-sponsored threat actors accountable and using all available legal avenues, both civil and in cooperation with law enforcement, to disrupt cybercrime targeting the digital asset industry.

The civil proceedings remain ongoing. Bybit will continue to cooperate with relevant authorities and provide updates as permitted by the court.

#NewFinancialPlatform

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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SOURCE Bybit

Technology

FancyAI Launches Agentic Social Engagement to Shape AI Recommendations

Published

7 hours ago

August 8, 2026

New GEO capability finds the third-party conversations AI engines trust and gives brands a direct way to act on them, in real time.

AUSTIN, Texas, Aug. 7, 2026 /PRNewswire-PRWeb/ — FancyAI, the execution layer for AI discovery, today launched Agentic Social Engagement, a new capability that identifies the third-party conversations shaping how AI engines understand and recommend brands.

Teams can assess and join those conversations directly inside FancyAI, then measure how their AI visibility changes.

When someone asks ChatGPT, Gemini, Perplexity or Claude what to buy, the answer often draws on sources the brand doesn’t control. Independent reviews, Reddit threads, YouTube videos, Quora answers and other public discussions can all influence which brands make the shortlist.

The scale of that influence is significant. A recent study of more than 200 million prompts found that Reddit appeared in 20% or more of Perplexity responses at points during January and February 2026.

No amount of on-site optimization reaches those conversations.

Until now, most Generative Engine Optimization work has centered on the content a brand publishes and the authority it earns through media. Agentic Social Engagement extends that work to the live, third-party conversations AI engines use as evidence.

“AI doesn’t rank pages. It recommends brands, and it builds those recommendations from what other people say about you,” said Tom Howell, co-founder and CEO of FancyAI. “You can perfect every page you own and still lose a shortlist that’s being decided somewhere else. Agentic Social Engagement puts your team in those conversations.”

Traditional social listening starts with keywords and ends with a feed of mentions. FancyAI’s Agentic Social Engagement works differently. An AI agent reads each conversation in context, assesses its relevance to the business and determines whether it deserves attention.

A prospective customer may be asking for a recommendation. A competitor may be winning the discussion. A reputation issue may be emerging. A category trend may be taking shape. The agent cuts through the noise and shows teams what matters.

Each prioritized conversation appears inside FancyAI alongside recommendation intelligence, visibility tracking, citation building and content execution. Teams can see whether AI engines already cite the underlying page and respond without leaving the platform. The right move might be direct engagement, a factual correction, an earned mention, a new piece of content or no action at all.

FancyAI then measures what changed.

“Listening tools tell you a conversation happened. We tell you where the decision is taking shape,” Howell said. “The agent finds the signal and gives the team a direct path to act. Discovery is no longer about being seen. It’s about being selected.”

Agentic Social Engagement is available this week to current FancyAI customers and as an add-on for new customers. Teams can operate the capability themselves or have FancyAI’s strategists run it for them.

To learn more, visit getfancy.ai.

About FancyAI

FancyAI is the execution layer for AI discovery. It shows brands where they stand across ChatGPT, Gemini, Perplexity and Claude, then executes the work required to improve those outcomes. The platform brings technical optimization, content execution, citation development, authority building, and agentic social engagement into one system. Teams can run FancyAI themselves or have FancyAI’s strategists run the program for them.

Learn more at getfancy.ai.

Media Contact

Chris Barbee

Chief Revenue Officer, FancyAI

barbee@getfancy.ai

312-721-2199

Media Contact

Chris Barbee, FancyAI, 1 3127212199, barbee@getfancy.ai, getfancy.ai

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