{
  "id": 3789378,
  "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-3789378",
  "topic": "tech",
  "section": "Tech",
  "published": "2026-08-27T18:27:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "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": "South Korean chipmaker SK Hynix announced on Thursday its plans to commence mass production of its upcoming HBM4E chips at its Indiana production site starting in the third quarter of 2029. SK Hynix's CEO, Kwak Noh-Jung, revealed that the company anticipates a continuing memory chip shortage extending until the conclusion of 2030. The project, valued at over $4 billion, represents a significant growth phase for SK Hynix's presence in the United States as the demand for high-bandwidth memory, or HBM, escalates due to the increasing investments in artificial intelligence. The expansion project aims to bring production sites closer to key customers like Nvidia, Microsoft, and Google, which are major users of HBM.\n\nKwak emphasized that there are no apparent indications of a memory market decline, expecting that any eventual slowdown would likely involve a gradual reduction in demand rather than a sharp drop. He expressed no concerns regarding the market outlook beyond 2030. By 2030, SK Hynix projects that the Indiana facility will become a crucial HBM production hub in the United States. Located at the Purdue Research Park in West Lafayette, this Indiana site is set to reach an annual capacity of hundreds of thousands of wafers, which will contribute to addressing the memory chip shortage facing the industry.",
  "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."
}