The South Korean supplier to Nvidia Corp.aims to cement its HBM leadership through the facility, which is expected to focus on developing new models and cooperating with partners, while fostering local semiconductor talent.“We are moving forward with the construction of the Indiana production base, working with the State of Indiana, Purdue University and our US business partners to ultimately supply leading-edge AI memory products from West Lafayette,” Kwak said.
The department also plans to make available $500 million in government loans under the PMT for the company’s $3.9 billion project, which is expected to qualify for a 25% investment tax credit.“We deeply appreciate the US Department of Commerce’s support and are excited to collaborate in seeing this transformational project fully realized,” said SK Hynix CEO Kwak Noh-Jung in a statement issued by the department.
TO MOVE FORWARD CONSTRUCTIONSK Hynix, the world’s second-largest memory chipmaker, in April unveiled a plan to establish an advanced HBM packaging complex in West Layfayette for mass production in the second half of 2028, which would be the first of its kind in the US and the company’s first overseas plant for the core chip in powering AI devices.
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