SK hynix spends $3.87 billion to produce high-bandwidth memory chips in Indiana
SK hynix Inc. has announced plans to build an advanced packaging, fabrication and R&D facility in West Lafayette, Indiana. The company, which specializes in high-bandwidth memory (HBM) chips, will invest $3.87 billion into the new plant, which will be used for artificial intelligence (AI) products. SK hynix hopes the project will drive innovation in the nation's AI supply chain.
In addition, the project is expected to generate more than a thousand new jobs. The new plant will feature an advanced semiconductor production line that will mass-produce HBM, the highest-performing dynamic random access memory (DRAM) chips. SK hynix also plans to use the facility to develop future generations of chips and house an advanced packaging R&D line. Operation at the West Lafayette plant is expected to begin in 2028.
What people are saying
In a recent quote, SK hynix CEO Kwak Noh-Jung said, "We are excited to become the first in the industry to build a state-of-the-art advanced packaging facility for AI products in the United States that will help strengthen supply-chain resilience and develop a local semiconductor ecosystem. With this new facility, we hope to advance our goal of providing AI memory chips with unmatched capabilities, serving the needs of our customers."
New plants opening in Indiana
U.S. Steel partners with CarbonFree to capture carbon emissions from one of North America’s largest steel mills
The SkyCycle solution works by capturing carbon emissions before they enter the atmosphere.
Canadian Solar invests $800 million to build solar PV cell facility in Indiana
The plant will have an annual output of 5 GW which is about 20,000 high-power modules per day.
Nucor to open utility structures production facility in Indiana
The new plant will be built near the Nucor Steel Crawfordsville steel mill and will create 200 new jobs for the area.
Learn more about packaging
Anti-Counterfeit Packaging Market Braces for Double-Digit Growth
As supply chains continue to globalize and criminals find new ways to produce counterfeit goods, demand for new anti-counterfeit packaging options is growing.
Packaging Innovations Strive to Minimize or Eliminate Plastic
Once a revolutionary innovation itself, plastic has become 'Packaging Enemy No. 1' nowadays, as food and beverage companies move toward more environmentally friendly materials.
Top 5 Recyclable Materials Shaping E-Commerce Packaging in 2024
As more customers demand sustainable e-commerce packaging, companies must adapt and find feasible solutions. Here are five to consider.
Investing in American manufacturing in 2024
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.