India, April 11 -- SK hynix Inc. will invest an estimated $3.87 billion in West Lafayette, Indiana, USA, to build an advanced packaging fabrication and R&D facility for AI products. The project, the first of its kind in the United States, is expected to drive innovation in the nation's AI supply chain, while bringing more than a thousand new jobs to the region.

The company held an investment agreement ceremony with officials from Indiana State, Purdue University, and the U.S. government at Purdue University in West Lafayette on April 3, and officially announced the plan.

Leveraging its dominant position in the HBM market, SK hynix's new facility will be home to an advanced semiconductor production line that will mass-produce next-genera...