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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. <\/p>\n
Billion-Dollar Bet on U.S. AI Supply Chain <\/p>\n
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. <\/p>\n
The site at Purdue Research Park will allow the company to produce chips closer to major customers such as Nvidia, Microsoft, and Alphabet. <\/p>\n
Don’t Miss: <\/p>\n
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.” <\/p>\n
Dominant Market Position Reinforces Bullish Outlook <\/p>\n
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%. <\/p>\n
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. <\/p>\n
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. <\/p>\n
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