South Korean company to build $4 billion microchip factory at Purdue University
SK Hynix is a South Korean company that makes microchips and now wants to make the packaging that goes around the chips in West Lafayette. South Korean company SK Hynix is planning to build a $4 billion microchip factory at Purdue University in West Lafayette, Indiana. The company plans to produce high-bandwidth memory chips that will meet U.S. demand for semiconductors, develop future generations of chips and house an advanced packaging research and development line at the 430,000-square-foot plant. The plant could be completed within four years. The move is part of a larger effort to bring production back from overseas and establish a new "silicon heartland" in Indiana. Students from the university will be able to intern with the company and provide a talent pipeline. The Indiana Economic Development Corp has offered incentives including up to $3 million in incentive-based training grants, $3 billion in manufacturing readiness grants, up to €80 million in performance payments, and $554.7 million in tax rebates.
Được phát hành : 2 tháng trước qua Emily Longnecker trong Business
SK Hynix is a South Korean company that makes microchips and now wants to make the packaging that goes around the chips in West Lafayette.
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They say it is part of a larger effort to bring production back from overseas and start a new "silicon heartland" in Indiana. The plant could be up and running in about four years.
SK Hynix is a South Korean company that makes microchips and now wants to make the packaging that goes around the chips in West Lafayette. The company plans to build its plant at Purdue University's Research Park.
The university is home to one of the top semiconductor and microelectronics engineering programs. Students will be able to intern with the company while also providing a talent pipeline.
"This is from the north to the southern border in the state of Indiana. What is really separating us from the rest of the competition and why we have a little swagger is because of that talent that is absolutely necessary if you're going to win a knowledge based economy," Holcomb said.
The company said the plant will produce high-bandwidth memory chips that will help meet U.S. demand for semiconductors, develop future generations of chips and house an advanced packaging research and development line at the 430,000-square-foot plant.
Semiconductor chips are in just about everything people use: phones, computers, even cars. The chips made in West Lafayette will be memory chips that are a part of training artificial intelligence systems.
In recent years, the United States had been making fewer, increasing its dependency on other countries for microchips. The 2022 Chips and Science Act provided federal funding to boost manufacturing of microchips domestically with the goal of decreasing that dependency.
"It's a pretty obvious problem, but it had taken decades to really be addressed and I'm just happy we could be here on this day and Indiana could play a role in meeting this critical need," said Sen. Todd Young, R-Indiana.
Young, who helped author the Chips and Science Act, said SK Hynix had applied for federal funding, but couldn't say how much the company would get, only that a decision would come this year.
The Indiana Economic Development Corp. offered the company of up to $3 million in incentive-based training grants, up to $3 million in manufacturing readiness grants, up to $80 million in performance payments, up to $554.7 million in tax rebates and other incentives. The cities of West Lafayette and Lafayette, Tippecanoe County and Duke Energy offered additional Incentives.
Chủ đề: Academia, Korean