Nvidia supplier SK Hynix plans to invest $3.87 billion in U.S. chip facility
Publishing timestamp: 2024-04-04 02:17:31
Summary
SK Hynix to invest $3.87 billion in first chip packaging facility in U.S., creating thousands of jobs in Indiana. Aligns with Biden administration's goals of onshoring chip production. Project expected to strengthen supply-chain resilience and develop local semiconductor ecosystem. Other Asian chipmaking giants also investing in U.S. due to incentives provided by CHIPS Act.
Sentiment: POSITIVE
Tickers: 2330-TW, TSMC3'-BR, SSU-FF, HY9H-FF, .FKRX300,
Keywords: samsung electronics co ltd, u.s. economy, politics, sk hynix inc, breaking news: politics, breaking news: technology, taiwan semiconductor manufacturing co ltd, technology, business, business news, taiwansmfac drn ed,
Source: https://www.cnbc.com/2024/04/04/sk-hynix-plans-to-invest-3point87-billion-in-us-chip-facility.html