The Projection — a symmetric watercolor butterfly

The Projection

The surface is never the system.

← SK Hynix

Capital · deployed

~$21B/yr capex (TTM 28.89T KRW ~$20.9B) — HBM/DRAM capacity (M15X, Yongin); FY2025 capex 27.52T KRW ~$19.9B

high confidence · as of 2026-07-26 · about SK Hynix

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the working

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