United States 'new silicon heartland:' SK hynix will invest $3.87 billion in West Lafayette

This news came as leaders from the United States, South Korea, SK hynix, Indiana, Purdue University and West Lafayette shared the stage at Wednesday's announcement and discussed one of the largest economic investments in Indiana’s history. The new facility represents the state’s leadership in the growth of AI development.

“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,” SK hynix CEO Kwak Noh-Jung said.

“With this new facility, we hope to advance our goal of providing AI memory chips with unmatched capabilities, serving the needs of our customers.”

SK hynix will construct a 430,000-square-foot facility on 90 acres of land at the Purdue Research Park in West Lafayette. The facility will be an advanced semiconductor packaging production line that will mass produce the latest high-bandwidth memory chips aimed at supporting high-end graphic processing chips focused on developing AI systems.