SK Hynix (SKHY.US) invests $4 billion to build its first factory in the US, aiming to become the key HBM production base in the US by 2030

According to Golden Ten Data, as one of the biggest beneficiaries of the artificial intelligence (AI) boom, South Korean memory chip giant SK hynix (SKHY.US) is strengthening its presence in the United States. On Thursday, SK hynix held the groundbreaking ceremony for its first U.S. factory in West Lafayette, Indiana. During his speech at the ceremony, SK hynix President Kwak Noh-Jung emphasized the strong demand for high bandwidth memory (HBM) in the field of AI and stated that the new factory in West Lafayette will enable Indiana to become "America's key HBM production base" by 2030. Kwak Noh-Jung said, "We will provide customers with a new source of U.S.-made HBM, while strengthening the U.S. semiconductor supply chain and contributing to national security and economic security."