SK Hynix To Get $458 Mn Funding For US Chip Facilities By AFP - Agence France Presse December 19, 2024 Order Reprints Print Article [Barron's]
GlobalFoundries Inc. (GFS)
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Source: Barrons
in his legacy in boosting US semiconductor production before Donald Trump takes office. The money supports a broader SK hynix investment of around $3.9 billion in Indiana, where the South Korean semiconductor firm is building facilities including a memory packaging plant for artificial intelligence products, said the Commerce Department. US Commerce Secretary Gina Raimondo said "we are solidifying America's AI hardware supply chain" with the move. SK hynix is the world's second-biggest maker of memory chips. "This new facility will develop state-of-the-art advanced packaging, which is more and more important to US semiconductor leadership," said Arati Prabhakar, assistant to the US president for science and technology. The investment is expected to create some 1,000 new facility jobs, and there will also be a research hub set up via SK hynix's partnership with Purdue University, the Commerce Department added. Besides the direct funding of up to $458 million, the United Sta
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