SK hynix Announces $4 Billion Investment in Indiana Chip Facility

The new facility aims to boost U.S. semiconductor production and create up to 1,000 jobs by 2028.

SK hynix plans to invest $4 billion in an advanced chip packaging facility in West Lafayette, Indiana, aiming to strengthen the U.S. semiconductor industry.
The facility, expected to create up to 1,000 jobs, is slated to begin operations in 2028, pending board approval.
The investment is part of broader efforts to reduce reliance on foreign semiconductor suppliers and boost domestic chipmaking capabilities.
SK hynix's partnership with Nvidia for high-bandwidth memory chips underscores the strategic importance of the facility for AI and high-performance computing applications.
Government support, including possible state and federal tax incentives, is crucial for the project's financing.