financetom
Technology
financetom
/
Technology
/
Nvidia supplier SK Hynix to invest $3.87 bln in US chip packaging plant
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Nvidia supplier SK Hynix to invest $3.87 bln in US chip packaging plant
Apr 3, 2024 12:11 PM

SEOUL, April 3 (Reuters) - SK Hynix, the

world's second-largest memory chip maker, said on Wednesday it

will invest around $3.87 billion to build an advanced packaging

plant and research and development facility for AI products in

the U.S. state of Indiana.

The new plant will include an advanced chip production line

to mass-produce next-generation high bandwidth memory (HBM)

chips, currently used in graphic processing units that train

artificial intelligence systems, the Nvidia ( NVDA ) supplier

said in a statement.

Mass production is planned to start in the second half of

2028. The new facility in West Lafayette, Indiana will also

house a packaging R&D line.

The facility "will help strengthen supply chain resilience"

for AI chips in the U.S., CEO Kwak Noh-Jung said.

The engineering talent pool provided by the region's Purdue

University, infrastructure for chip manufacturing, and support

from the state and local government were factors in the

chipmaker's decision, it said.

SK pledged in 2022 to invest $15 billion in the

semiconductor industry through R&D programs, materials, and the

creation of an advanced packaging and testing facility in the

U.S.

Last month it began mass production of the latest version of

HBM chips, called HBM3E, with sources saying initial shipments

are going to Nvidia ( NVDA ).

SK Hynix has been the sole supplier of the version

previously used - the HBM3 - to Nvidia ( NVDA ), which has 80% of the

market for AI chips.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
AIOZ Network Partners With Alibaba Cloud to Boost AI, Storage and Streaming Services
Mar 22, 2024
The two companies will establish a DePIN alliance in south-east Asia.AIOZ's native token is currently trading flat after the announcement, it is up by more than 200% in 30 days.AIOZ Network will use Alibaba Cloud to improve Web 3, AI, storage and streaming services.Decentralized infrastructure network (DePIN) AIOZ Network has become the leading blockchain partner in Alibaba Cloud’s Innovation Accelerator...
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Analysis-Apple antitrust suit mirrors strategy that beat Microsoft, but tech industry has changed
Mar 22, 2024
(Reuters) - The U.S. government's antitrust lawsuit against Apple ( AAPL ) draws on the watershed 1998 case that broke Microsoft's ( MSFT ) stranglehold on desktop software, but that may prove to be an imperfect blueprint for addressing smartphone competition. The market for the iPhone today looks very different from the near-monopoly enjoyed by Microsoft's ( MSFT ) Windows...
The Analyst Landscape: 7 Takes On Clear Secure
The Analyst Landscape: 7 Takes On Clear Secure
Mar 22, 2024
Analysts' ratings for Clear Secure ( YOU ) over the last quarter vary from bullish to bearish, as provided by 7 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent...
Deep Dive Into Confluent Stock: Analyst Perspectives (17 Ratings)
Deep Dive Into Confluent Stock: Analyst Perspectives (17 Ratings)
Mar 22, 2024
In the preceding three months, 17 analysts have released ratings for Confluent , presenting a wide array of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 7 5 5...
Copyright 2023-2026 - www.financetom.com All Rights Reserved