SK hynix is expanding production capacity in China, with the second phase of its fab potentially increasing local production by 50%. The company is also considering an initial public offering for its subsidiary Solidigm. This move comes as demand for high-end data center SSDs reaches a peak.

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Source: https://www.tomshardware.com/pc-components/ssds/sk-hynix-to-expand-production-capacity-in-china-as-it-mulls-solidigm-ipo-report-claims-second-phase-of-fab-could-boost-local-production-by-50-percent