A global technology manufacturer plans to invest about $4 billion to build a new semiconductor factory in Indiana. South Korea-based company SK Hynix plans to produce next-generation memory chips used in AI and other technologies at its West Lafayette facility.
Arati Prabhakar is the director of the White House Office of Science and Technology Policy. These high-bandwidth memory (HBM) chips are critical to all aspects of technology growth, she says.
“Look at what we’ve got. We have cell phones, we have computers of all kinds, we’ve made incredible advances in artificial intelligence, all thanks to semiconductors,” Prabhakar said. said.
She added that moving this type of manufacturing to the United States is important for security and the economy.
“Moreover, in recent years, [manufacturing] It has become dangerously concentrated in a small part of the world,” Prabhakar said. “And that has a huge impact on our economy, whether it’s jobs or the impact on the overall economy through the supply chain. It has huge implications for national security.”
Choi Woo-jin belongs to SK Hynix. He said these products are the foundation of artificial intelligence and will make Indiana a hot spot for business and job growth.
“Talented people will be drawn to Indiana not only for our great community, friendly people and top-level basketball, but also for their intellectual growth by being a center for scientific development,” Choi said. Told.
Arun Venkataraman is the Assistant Secretary of Commerce for Global Markets at the U.S. Department of Commerce. He said the facility will also strengthen the supply chain.
“We are witnessing another milestone with the announcement of plans for a state-of-the-art semiconductor manufacturing facility that could serve as the foundation for expanded worker employment and economic benefits to the region and surrounding communities,” Venkataraman said. said. “This facility will also contribute to our efforts to strengthen the critical semiconductor supply chain that will revolutionize our economy and address the tremendous opportunities required by processing power-intensive applications. We provide processing power for
During the event, Sen. Todd Young (R-Ind.) spoke about CHIPS and the Science Act, which he helped draft. He said he feels the bill is a step to show other countries that the U.S. is open to technology investment, which contributed to South Korea’s investment in West Lafayette.
“The federal government’s investment in semiconductors showed the world that America is open for business,” he said. “And when America reopens, that means Indiana opens.”
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Cho Hyung-don is the Korean ambassador to the United States. He said the economic partnership between the two countries was “strong”.
“The plant we are announcing here will be the first major facility in the U.S. for large-scale HBM packaging,” Cho said.
The facility will mass produce HBM chips, which are essential for computers and training AI systems, and develop the next generation of chips. SK Hynix will continue to cooperate with Purdue University on research and development projects.
The facility is expected to create up to 800 jobs by the end of 2030. The state is offering up to about $700 million in conditional incentives.
Violet is a daily news reporter. To contact her, vcomberwilen@wfyi.org Or follow her on Twitter @ComberWilen.
