Overview

• 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.