SK Hynix Considers Indiana for $15 Billion Chip Facility

The investment aims to enhance U.S. semiconductor self-sufficiency and reduce overseas reliance.

SK Hynix Inc. is poised to select Indiana over Arizona for a $15 billion advanced packaging facility, marking a significant investment in the U.S. semiconductor supply chain.
The Indiana facility will focus on creating high-bandwidth memory (HBM) chips for Nvidia GPUs, aiming to enhance U.S. chip self-sufficiency and reduce reliance on overseas packaging.
The investment is spurred by the 2022 Chips Act and represents a major step in bolstering the domestic semiconductor industry, amidst the U.S.-China technology war.
Indiana's selection would be a victory for Senator Todd Young, an architect of the Chips Act, and would significantly boost the state's modest semiconductor industry footprint.
SK Hynix's decision is pending, with the firm considering its options but has not made a final announcement yet.