SK Hynix Secures $450 Million from U.S. for Indiana AI Chip Facility

The funding, part of the CHIPS and Science Act, aims to bolster the U.S. semiconductor supply chain and create 1,000 jobs.

SK Hynix will receive up to $450 million in direct funding and $500 million in loans from the U.S. Department of Commerce.
The investment supports a $3.87 billion facility in West Lafayette, Indiana, focused on high-bandwidth memory for AI.
The plant will partner with Purdue University for advanced packaging R&D and workforce development.
The CHIPS and Science Act funding ensures the U.S. hosts all five major semiconductor manufacturers.
Mass production at the facility is expected to begin in the second half of 2028.