TECH - Nvidia to Benefit from SK Hynix's New $3.9B Indiana Facility Focused on High-Bandwidth Memory Chips | Benzinga
South Korea’s SK Hynix announced plans to invest $3.9 billion in an advanced chip-packaging facility in West Lafayette, Indiana, marking a significant development for the Midwestern states in the American semiconductor industry.
This new facility, focusing on mass-producing high-bandwidth memory (HBM) crucial for powering Nvidia Corp (NASDAQ:NVDA) GPUs that are instrumental in AI systems training, like ChatGPT, aims to start mass production in the second half of 2028, creating over 1,000 jobs.
The investment underscores the region’s growing appeal in the semiconductor sector, fueled by the Biden administration’s efforts to restore America’s global standing in chip manufacturing and the incentives from ...