SK Hynix Announces $3.87 Billion Investment in First U.S. Chip Facility

The new Indiana plant, aimed at bolstering AI chip production, marks a significant step in the U.S. semiconductor industry's growth.

SK Hynix to invest $3.87 billion in an advanced chip-packaging facility in West Lafayette, Indiana, focusing on high-bandwidth memory chips for AI systems.
The facility, expected to start mass production in 2028, will create over 1,000 jobs and includes an R&D center for future chip generations.
The investment is a win for the Biden administration's efforts to restore U.S. chip production and enhance supply chain resilience.
Indiana offers up to $554 million in tax rebates and additional incentives, highlighting the strategic partnership with Purdue University.
The move is part of a broader trend of semiconductor companies diversifying geographically to ensure supply chain resilience and leverage local talent.