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SK Hynix favours Indiana over Arizona for US$15 bil chip site

Bloomberg
Bloomberg • 3 min read
SK Hynix favours Indiana over Arizona for US$15 bil chip site
The firm first announced the project in 2022 and originally intended to select a site within the first half of 2023. Photo: Bloomberg
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South Korean chipmaker SK Hynix Inc. is poised to choose Indiana over Arizona for its first major US investment, a US$15 billion ($20.04 billion) advanced packaging facility that would mark a win for the Midwest and for US efforts to build a full semiconductor supply chain. 

The firm first announced the project in 2022 and originally intended to select a site within the first half of 2023. SK Hynix is slated to pick Indiana but still has Arizona as a second choice, according to people familiar with the matter who asked not to be named discussing confidential conversations. 

An SK Hynix spokesperson said that no final decision has been made, following a Financial Times report that the firm had selected Indiana. 

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