SK Hynix to receives $958 mn subsidy from US

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SK Hynix will plow in $3.87 billion to build advanced packaging and research and development facilities for AI chips in IndianaThe final decision on the grant came a month before the inauguration of President-elect Donald Trump, who has been critical of the US subsidy programs for foreign companies.

SK Hynix Inc.secured a combined subsidy of $458 million in grants and $500 million in loans, a total of $958 million from the US Department of Commerce under the CHIPS and Science Act.

The company aims to mass produce high-performance, high-value memory chips in the second half of 2028.

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Category: Economy

Markets: South KoreaIndia

Topics: Provide Hynix Becomes Baby Grants Cookies Shark Subsidy Company Chips Million

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 11:37:02 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 126 words

Reading Time: 1 minutes read

Sentences: 12 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 24563641

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