Why it matters
The semiconductors context.
Semiconductor fabrication plants, known as fabs, rank among the most capital-intensive industrial facilities ever built—often requiring $10–$30 billion and several years from groundbreaking to initial production. The CHIPS and Science Act of 2022 accelerated a U.S. construction cycle spanning advanced chip fabrication, legacy-node production, semiconductor equipment, packaging, and critical materials. These projects create long-term manufacturing footprints while attracting suppliers, infrastructure investment, and specialized technical work.
Project record
At a glance
- Company
- SK hynix
- Industry
- Semiconductors
- Location
- West Lafayette, Indiana
- Investment
- $3.87B
- Permanent jobs announced
- 1,000
- Status
- Planning
- Announced
- Apr 3, 2024
- Expected opening
- 2028
- Added to tracker
- Aug 23, 2026
Sources
Official references
- SK hynix Indiana advanced-packaging investment agreement https://news.skhynix.com/en/sk-hynix-signs-investment-agreement-of-advanced-chip-packaging-with-indiana/
- SK hynix U.S. advanced-packaging facility update https://news.skhynix.com/en/preliminary-mou-terms-signed-with-us-doc-for-advanced-packaging-facility-in-indiana/
Related
Other projects to know
In Indiana
Across Semiconductors
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