SK Hynix building first US AI memory hub

SK Hynix has begun construction of a $4 billion memory fab in Indiana, its first US AI memory hub, with plans to begin packaging and testing High Bandwidth Memory (HBM) products from the production line in Q3 2029. The project, backed by the US CHIPS Act, aims to deliver 'Made in USA' HBM products, as CEO Kwak Noh-Jung highlighted the US as the epicenter of AI innovation.

Hardware /tag/hardware/ Chipmaker SK Hynix has begun construction of a $4 billion memory fab in Indiana, US, as the sector continues to pour billions into the country to bolster a tight supply chain. The South Korean company broke ground on the 470,000m² project https://news.skhynix.com/en/groundbreaking-ceremony-in-indiana/?ref=thestack.technology , backed by the US CHIPS Act, on Thursday and said it planned to begin packaging and testing of High Bandwidth Memory HMB products from the production line in Q3 2029. CEO Kwak Noh-Jung said: "The United States is the epicenter of AI innovation, bringing together premier customers, top-tier R&D capabilities, and partners, and Indiana fab will become a gateway to deliver first Made in USA HBM products." SK Hynix and its two big competitors, Micron and Samsung Electronics, have seen profits soar as demand for AI data centre hardware and short supplies allow them to hike memory prices https://www.thestack.technology/memory-shortage-micron-ai-bets/ and prompted new multi-billion-dollar production sites. Memory boom and the US Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. Subscribe now https://www.thestack.technology/membership/ Already a member? Sign in https://www.thestack.technology/signin/