SK hynix to start US AI chip output in 2029, sees memory shortage through 2030
WEST LAFAYETTE, Indiana — Korean chipmaker SK hynix said on Thursday it plans to begin volume production of its next-generation HBM4E chips at its Indiana facility in the third quarter of 2029, as its chief executive said the company expects a current memory chip shortage to persist through the end of 2030. Chief Executive Kwak Noh-Jung expects the site to eventually reach annual capacity of…
Korean chipmaker SK hynix announced on Thursday plans to commence mass production of their next-generation HBM4E chips at a new facility in Indiana, United States, slated for the third quarter of 2029. SK hynix's CEO, Kwak Noh-Jung, disclosed that the company anticipates the memory chip shortage, currently affecting the industry, will continue until the end of 2030.
The Indiana-based production site is expected to scale up to an annual capacity of hundreds of thousands of wafers. With an investment exceeding $4 billion, this marks a significant expansion of SK hynix's operations in the United States, driven by the escalating demand for high-bandwidth memory (HBM) due to the rapid growth in artificial intelligence.
The company aims to bring production closer to key customers such as Nvidia, Microsoft, and Alphabet's Google. Kwak expressed no clear indications of a memory shortage resolution, predicting any potential slowdown would likely involve a reduction in pace rather than a sharp decline in demand. He reassured that he is not disheartened by the outlook beyond 2030.
By 2030, SK hynix anticipates Indiana to become a pivotal HBM production hub in the United States. The facility, located at the Purdue Research Park in West Lafayette, is set for development.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
