SK Hynix to get $458 mn funding for US chip facilities

Washington (AFP) Dec 19, 2024

President Joe Biden’s administration has finalized an award of up to $458 million for SK hynix, officials said Thursday, furthering efforts to lock in his legacy in boosting US semiconductor production before Donald Trump takes office.

The money supports a broader SK hynix investment of around $3.9 billion in Indiana, where the South Korean semiconductor firm is building facilities including