South Korean semiconductor giant Hynix is set to receive a significant boost of $450 million from the U.S. Chips Act to establish a state-of-the-art High Bandwidth Memory (HBM) packaging plant in West Lafayette, Indiana. This move comes as part of Hynix's ambitious plan to invest $3.87 billion in expanding its manufacturing capabilities in the U.S.
In addition to the direct funding, Hynix plans to leverage the Department of the Treasury’s Investment Tax Credit, which could offer them up to 25% of qualified capital expenditures. The funding landscape further enhances with the potential for up to $500 million in proposed loans from the CHIPS Program Office. This multifaceted financial support not only marks a milestone for Hynix but also positions the U.S. as a global leader in semiconductor production.
This investment reinforces the U.S. preliminary agreements with all five major manufacturers in the fields of leading-edge logic, memory, and advanced packaging. Notably, no other economy worldwide hosts more than two of these companies concurrently producing leading-edge chips, highlighting the U.S. commitment to becoming a semiconductor powerhouse.
As the semiconductor industry continues to grow, Hynix's investment signifies a pivotal shift, promising innovation and enhanced technological capabilities in high-performance computing and data-intensive applications. The establishment of the HBM packaging plant not only aims to boost local economies but also strengthens the U.S. supply chain in critical technology sectors.
English
USD $
