South Korean chipmaker SK hynix intends to receive a US subsidy worth up to $450 million (38.5 billion rubles) from the US government to set up central production in Indiana, Yonhap news agency reported on August 6, citing a statement from the company.
The company and the US Department of Commerce have signed a “non-binding preliminary terms and conditions memorandum” providing up to $450 million (38.5 billion rubles) in federal incentives under the US Science and Chips Act for the creation of an advanced packaging facility for high-bandwidth memory (HBM) and research and development activities, the company said.
In April, the company announced a plan to invest $3.87 billion (330 billion rubles) to build a production plant in West Lafayette.
“We look forward to creating a new hub for artificial intelligence technologies, creating skilled jobs in Indiana and helping build a stronger supply chain for the global semiconductor industry.”said SK hynix CEO Kwak No-jung.
U.S. Commerce Secretary Gina Raimondo said the planned development would create about 1,000 new jobs and fill “critical gap in the US semiconductor supply chain”.
Source: Rossa Primavera
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