Global Markets
Home›Global Markets›North America›SK Hynix targets Indiana as a key memory base by 2030
SK Hynix targets Indiana as a key memory base by 2030
At a groundbreaking for its first U.S. facility, SK Hynix said the Indiana site is expected to become a major memory production base by 2030.
SK Hynix is positioning Indiana to play a major role in its memory production plans, according to remarks from the company’s CEO at the groundbreaking ceremony for its first U.S. facility.
CNBC Markets reports that CEO Kwak Noh-Jung said Indiana will be a key memory production base by 2030, framing the project as part of the company’s longer-term manufacturing expansion in the United States.
The announcement was made as construction for the first U.S. facility is now underway, with the company outlining its timeline for scaling memory production in the region.