Foundation laid for ‘Silicon Heartland’ in Indiana with $3.9 billion semiconductor research and development campus, South Korean CEO says

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A major South Korean computer maker said Wednesday it plans to spend more than $3.87 billion in Indiana to build a semiconductor manufacturing and research and development facility.

SK Hynix they expect the school to create 800 high-paying jobs in engineering, technology, management and maintenance by the end of 2030.

The funding will move Indiana to the forefront of American innovation, said Purdue University President Mung Chiang. The new plant will be built at the Purdue Research Park, an economic development center for the university.

The company said the plant will produce high-bandwidth memory chips that will help meet US demand for semiconductors, develop future generations of chips and establish a high-tech research and development pipeline at the 430,000-square-foot (about 40,000-square-meter) factory. ) about 100 miles (160 kilometers) southeast of Chicago.

“We believe this project will lay the foundation for a new Silicon Heartland, located in the Midwest,” company CEO Kwak Noh-Jung said in a news release.

Governor Eric Holcomb said the project “not only reaffirms the government’s commitment to technology, but is another major step forward in advancing US technology and national security.”

Indiana Economic Development Corp. provided the company with up to $3 million in training incentives, up to $3 million in manufacturing support, up to $80 million in labor compensation, up to $554.7 million in tax rebates and other incentives. The cities of West Lafayette and Lafayette, Tippecanoe County are Duke Energy Profile provided Additional Information.

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