Hoosier State Today

U.S. Senator Todd Young (R-Ind.) has led a letter signed by the entire Indiana congressional delegation in support of SK hynix's application for funding through the U.S. Department of Commerce’s CHIPS Incentives Program Notice of Funding Opportunity for Commercial Fabrication Facilities.

In April, SK hynix, a leading producer of high-bandwidth memory chips, announced plans to invest an estimated $3.8 billion to build an advanced chip packaging fabrication and R&D facility in West Lafayette. This facility will be the first of its kind in the United States and aims to bolster Indiana’s position in semiconductor manufacturing and artificial intelligence.

"SK hynix’s project, which will create up to 1,000 jobs by 2030, represents a significant step toward the continued development of a Silicon Heartland in the Midwest," stated the Indiana delegation. "Through SK hynix’s partnerships with Purdue University and Ivy Tech Community College, Indiana will further grow a robust talent pipeline as training programs and curricula are developed to enable students to attain the skills needed for semiconductor manufacturing."

The letter also emphasized that "SK hynix’s investment will help the U.S. to reestablish its leadership in semiconductor technology and represents a significant step in developing a robust, U.S.-based semiconductor ecosystem."

In addition to Senator Young, the letter was signed by Senator Mike Braun and Representatives Jim Baird, Frank Mrvan, Rudy Yakym, Jim Banks, Victoria Spartz, Greg Pence, André Carson, Larry Bucshon, and Erin Houchin.

Senator Young first introduced the legislation that became the CHIPS and Science Act in 2020. The act was signed into law in 2022 after years of work. Since then, Indiana has received several investments spurred by this legislation, including SK hynix's investment—the largest economic investment in Indiana's history.