{
  "id": 3787956,
  "title": "SK Hynix to start US AI chip output in 2029, sees memory shortage through 2030",
  "url": "https://urgent.news/2026/08/27/sk-hynix-to-start-us-ai-chip-output-in-2029-sees-memory-shortage",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-27T18:22:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/world/20260828/sk-hynix-to-start-us-ai-chip-output-in-2029-sees-memory-shortage-through-2030"
  },
  "original_language": "en",
  "account": "West Lafayette, Indiana - South Korean semiconductor giant SK Hynix announced on Thursday plans to commence large-scale production of its upcoming HBM4E chips at its Indiana manufacturing plant in the third quarter of 2029. SK Hynix's CEO, Kwak Noh-Jung, revealed that the company anticipates the current memory chip shortage will continue until the end of 2030. The ambitious project, valued at over $4 billion, represents a significant expansion of SK Hynix's presence in the United States, driven by the increasing demand for high-bandwidth memory as artificial intelligence usage surges. The facility, located at the Purdue Research Park in West Lafayette, aims to eventually produce hundreds of thousands of wafers annually, bringing production closer to key customers such as Nvidia, Microsoft, and Alphabet's Google. Despite the expanding memory market, Kwak expressed no immediate signs of a memory shortage and remained unconcerned about the outlook beyond 2030, stating that any potential slowdown would likely involve a more gradual decline in demand rather than a sharp drop. By 2030, SK Hynix expects Indiana to solidify its role as a crucial HBM production hub within the United States.",
  "summary": "WEST LAFAYETTE, Indiana — South 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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 8,
    "also_reported_by": [
      {
        "outlet": "Channel News Asia",
        "title": "SK Hynix holds groundbreaking ceremony for $4 billion Indiana AI chip packaging facility",
        "url": "https://urgent.news/2026/08/27/sk-hynix-holds-groundbreaking-ceremony-for-4-billion-indiana-ai-chip",
        "published": "2026-08-27T14:01:57.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "SK Hynix holds groundbreaking ceremony for $4 billion Indiana AI chip packaging facility",
        "url": "https://urgent.news/2026/08/27/sk-hynix-holds-groundbreaking-ceremony-for-4-billion-indiana-ai-chip-3756919",
        "published": "2026-08-27T14:11:32.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "SK Hynix holds groundbreaking ceremony for $4 billion Indiana AI chip packaging facility",
        "url": "https://urgent.news/2026/08/27/sk-hynix-holds-groundbreaking-ceremony-for-4-billion-indiana-ai-chip-3754601",
        "published": "2026-08-27T14:32:05.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "SK Hynix CEO dismisses memory chip oversupply risks, sees crunch till end of 2030",
        "url": "https://urgent.news/2026/08/27/sk-hynix-ceo-dismisses-memory-chip-oversupply-risks-sees-crunch-till",
        "published": "2026-08-27T16:24:16.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "SK Hynix to start AI chip volume production in Indiana in 2029",
        "url": "https://urgent.news/2026/08/27/sk-hynix-to-start-ai-chip-volume-production-in-indiana-in-2029",
        "published": "2026-08-27T17:37:02.000Z"
      },
      {
        "outlet": "CNBC Technology",
        "title": "SK Hynix CEO says Indiana will be key memory production base by 2030, first U.S. facility now underway",
        "url": "https://urgent.news/2026/08/27/sk-hynix-ceo-says-indiana-will-be-key-memory-production-base-by-2030",
        "published": "2026-08-27T18:07:04.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "SK Hynix broke ground on its first U.S. AI chip packaging plant in Indiana",
        "url": "https://urgent.news/2026/08/27/sk-hynix-broke-ground-on-its-first-u-s-ai-chip-packaging-plant-in",
        "published": "2026-08-27T18:10:41.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}