April 3, 2024

Young Welcomes SK hynix to Indiana

CHIPS and Science Act Continues to Drive Investment and Create Opportunity for Hoosiers

WEST LAFAYETTE, Ind. – Today, U.S. Senator Todd Young (R-Ind.) joined Governor Eric Holcomb, Purdue President Mung Chiang, and leaders of South Korean chip producer SK hynix to announce the company’s plans to build an advanced packaging fabrication and R&D facility in West Lafayette.

SK hynix will invest an estimated $3.8 billion in its West Lafayette facility, the first of its kind in the United States. The operation is expected to bring more than 1,000 new jobs to the region.

“SK hynix will soon be a household name in Indiana. This incredible investment demonstrates their confidence in Hoosier workers, and I’m excited to welcome them to our state,” said Senator Young. “The CHIPS and Science Act opened a door that Indiana has been able to sprint through, and companies like SK hynix are helping to build our high tech future as a result.”

The company plans to begin mass production in the second half of 2028, while the new facility will also develop future generations of chips and house an advanced packaging R&D line. 

“We are excited to build a state-of-the-art advanced packaging facility in Indiana,” said SK hynix CEO Kwak Noh-Jung. “We believe this project will lay the foundation for a new Silicon Heartland, a semiconductor ecosystem centered in the Midwest Triangle. This facility will create local, high-paying jobs and produce AI memory chips with unmatched capabilities, so that America can onshore more of its critical chip supply chain.” He added, “We are grateful for the leadership of Senator Todd Young, both for his unyielding support for this project and for his tireless advocacy of the CHIPS Act.”

Senator Young first introduced the legislation that became the CHIPS and Science Act in 2020. After years of work, it was signed into law in 2022. Since then, Indiana has received a string of investments sparked by the law:

  • SkyWater Technology announced a $1.8 billion semiconductor facility that will create 750 jobs.
  • Indiana’s Silicon Crossroads consortium was named a Microelectronics Commons Hub and received an initial federal award of $33 million.
  • Indiana’s Heartland BioWorks consortium was designated a Tech Hub under the CHIPS and Science Actand is now eligible to receive up to $75 million for biotech manufacturing programs. 
  • Chicago’s The Bloch Tech Hub designation includes partners in Northwest Indiana.
  • A consortium led by the University of Notre Dame and another based in Kentucky that includes partners in Southern Indiana both received Tech Hub planning grants.

For more information on the CHIPS and Science Act, visit young.senate.gov/chips.