SK Hynix starts construction of US$4 billion memory Hub in US’ Indiana, sees memory shortage through 2030
By 2030, the company expects Indiana to become a key high-bandwidth memory production base in the US
SK Hynix announces plans to construct a US$4 billion memory hub in Indiana, US, with production expected to begin in Q3 2029. The chief executive, Kwak Noh-Jung, anticipates a persistent memory chip shortage until the end of 2030. The facility, located at Purdue Research Park in West Lafayette, will initially focus on cleanroom operations from H2 2028, followed by the construction of an HBM4E packaging line and an AI semiconductor R&D facility.
SK Hynix aims to create a stable US semiconductor supply chain and contribute to national economic and security in the AI era. The company's memory products have become crucial for AI applications, with HBM chips offering faster data processing and lower power consumption. With Nvidia, Microsoft, and Alphabet's Google as key customers, SK Hynix expects the Indiana facility to generate around 7,000 jobs and support semiconductor supply-chain resilience.
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