SK Hynix, a supplier for Nvidia, plans to open a $4 billion semiconductor facility in Indiana to boost US semiconductor manufacturing.

- SK Hynix, a supplier for Nvidia, plans to invest $4 billion in establishing a chip-packaging facility in Indiana - The facility is expected to generate 800-1,000 jobs and receive state and federal incentives - The facility aims to begin operations in 2028 pending approval from SK Hynix's board - SK Hynix's investment supports U.S. semiconductor manufacturing and aims to strengthen the country's position in the global market - This move comes amidst global geopolitical tensions and initiatives favoring domestic technology over U.S. microprocessors - The investment aligns with the Biden administration's efforts to reestablish the U.S. as a semiconductor powerhouse and create new opportunities for growth and innovation in the industry - SK Hynix is a big player in the semiconductor market - They plan to invest $4 billion in a chip-packaging facility in Indiana - This aligns with Biden administration's goals to strengthen America's semiconductor industry - Seen as a move to make the U.S. a semiconductor powerhouse