SK Hynix Plans to Spend $4 Billion on First US Chip Plant (1)

SK Hynix Inc. plans to spend $3.87 billion building an advanced packaging plant and research center for artificial intelligence products in Indiana, marking a win for the Biden administration as it seeks to increase semiconductor output on American soil.

The world’s No. 2 memory chipmaker said it will build its first US facility in the city of West Lafayette, with plans to begin mass production in the second half of 2028. The plant will center on a production line for next-generation high-bandwidth memory chips, critical components of the graphic processors that train AI systems.

SK Hynix has evolved into a ...