In order to relocate part of the world's semiconductor production, the United States has created the CHIPS and Science Act. The CHIPS and Science Act is a plan to invest in the semiconductor industry with the aim of attracting foundries to the United States. This time, it is SK Hynix that answers the call by receiving a shower of public money!
$450 million for SK Hynix to set up in Indiana!
We have fair The memory specialist has reportedly signed a preliminary agreement with the US Department of Commerce. Under the terms of this agreement, the company will benefit from a $450 million grant and will have access to a $500 million loan under the Chips and Science Act.
The aim of all this is for the company to open a chip production and assembly plant in Indiana, United States. All this is part of the company's $3.87 billion investment plan to open new plants. It should be noted, however, that this opening will generate employment in the United States through the creation of 1,000 jobs.
On a broader level, one of the reasons the US is so keen to attract semiconductor companies is to reduce its dependence on Asian countries, such as Taiwan. In the event of a conflict with China (the situation is tense between the two), this would prevent Uncle Sam from running out of supplies of CPU/GPU/memory chips.
Meanwhile, in Europe the ship is taking on water…
(tags to translate)United States