South Korea's SK Hynix to build $3.9bn AI chip plant in U.S.

High-tech company picks Indiana to produce advanced memory components

20240402 The logos of SK Hynix

South Korean semiconductor manufacturer SK Hynix is joining other Asian chipmakers investing in the U.S. © Reuters

KIM JAEWON, Nikkei staff writer

SEOUL -- SK Hynix will spend $3.9 billion to build an advanced chip packaging fabrication plant in the U.S. state of Indiana, as the administration of President Joe Biden aims to revive the domestic semiconductor manufacturing sector.

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