SK Hynix Breaks Ground on $4 Billion Indiana HBM Plant as AI Shortage Drives U.S. Push
Updated
Updated · CNBC · Aug 27
SK Hynix Breaks Ground on $4 Billion Indiana HBM Plant as AI Shortage Drives U.S. Push
3 articles · Updated · CNBC · Aug 27
Summary
$4 billion is going into SK Hynix's first U.S. facility in West Lafayette, Indiana, where the company formally kicked off an HBM packaging plant aimed at making the state a key U.S. production base by 2030.
October 2028 is the target for the first cleanroom to open, with chips made in South Korea and China then sent to Indiana for stacking and connection—a step SK Hynix says is critical as AI demand keeps global HBM supply tight.
$458 million in federal CHIPS funding and up to $712 million in Indiana incentives are backing the 133-acre site, which will also house R&D centers and is expected to create about 1,000 direct jobs plus 6,000 related roles.
$45 billion is the company's projected U.S. investment and asset base by 2030, even as Washington presses Asian memory makers to add front-end fabs in America and SK Hynix says it remains open to further U.S. expansion.