Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
South Korean chipmaker SK Hynix said Thursday it will begin volume production of next-generation HBM4E chips at its Indiana facility in the third quarter of 2029, as CEO Kwak Noh-Jung warned the current memory shortage will persist through 2030.
Billion-Dollar Bet on U.S. AI Supply Chain
The more than $4 billion project will expand SK Hynix’s presence in the United States as growing AI investment drives demand for high-bandwidth memory.
The site at Purdue Research Park will allow the company to produce chips closer to major customers such as Nvidia, Microsoft, and Alphabet.
Don’t Miss:
Jung said, “The United States is the epicenter of AI innovation, bringing together premier customers, top-tier R&D capabilities, and partners, and the Indiana fab will become a gateway to deliver first Made in USA HBM products.”
Dominant Market Position Reinforces Bullish Outlook
According to Counterpoint Research, SK Hynix held 58% of the global HBM market by revenue in the first quarter of 2026, outpacing Samsung Electronics and Micron Technology, each at 21%.
Nvidia, a major SK Hynix customer, forecast a 70% jump in revenue for the next fiscal year, reinforcing confidence in sustained AI-chip demand and supporting Kwak’s view that the memory upcycle has room to run.
The U.S. government supported the project with $458 million in CHIPS Act grants and up to $500 million in loans, with the funding finalized in December 2024.
Trending: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
Trading Metrics
SK Hynix has a market capitalization of approximately $912.37 billion. Its stock has traded between a 52-week high of $194.45 and a 52-week low of $124.80.
Over the past month, the large-cap stock gained 24.15%.
Needham analyst N. Quinn Bolton raised his price target on SK Hynix to $220 from $200 on Monday, maintaining a Buy rating.
Photo courtesy: JHVEPhoto / Shutterstock.com
Read Next:
Building Wealth Across More Than Just the Market
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
Arrived
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
Qnetic
As electricity demand rises alongside AI, data centers, and renewable energy, long-duration energy storage is becoming increasingly important. Qnetic is developing a kinetic energy storage system designed to provide long-lasting, chemical-free electricity storage, offering investors exposure to the infrastructure supporting a more resilient and reliable power grid.
EquityMultiple
For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.
FarmTogether
Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.
Fundrise
Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.