SK Hynix, a global memory chip giant, has revealed plans to invest a substantial $3.87 billion in its first-ever chip packaging facility in the United States. This move is a significant win for the Biden administration’s efforts to restore chip production. What Happened: The South Korean company announced at Purdue University, Indiana, on Wednesday. The facility, expected to commence operations in 2028, will focus on producing high-bandwidth memory chips, crucial components in AI systems such as NVIDIA Corp (NASDAQ:NVDA) GPUs, reported CNBC. SK Hynix CEO Kwak Noh-Jung noted that the new facili…
