Nvidia supplier SK Hynix plans to invest $3.87 billion in U.S. chip facility

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Nvidia supplier SK Hynix plans to invest $3.87 billion in U.S. chip facility
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It is expected to create thousands of jobs in Indiana and align with the Biden administration's goals of building up domestic chip production.

The project includes a packaging fabrication and R&D facility for SK Hynix's next-generation AI chip products.

SK Hynix said the facility, slated for operation in 2028, will house a production line for SK Hynix's cutting-edge high-bandwidth memory chips — important components in the Nvidia GPUs used to train AI systems like ChatGPT.

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