Nvidia supplier SK Hynix plans to invest $3.87 billion in U.S. chip facility

URLhttps://www.cnbc.com/2024/04/04/sk-hynix-plans-to-
SourceCNBC
Date Published04/04/2024
Author NameDylan Butts

Additional Reshoring Information:

Company/Division name SK Hynix
Parent companySK Group
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):1000
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2028
Capital investment ($):3870
Country(ies) from which reshored:Korea, South
State(s) reshored to:IN
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredhigh-bandwidth memory chips
What non-domestic negative factors made offshoring less attractive?Strained offshore relationships, Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies
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