SK Hynix secures $458m in CHIPS Act funding
Plus a roundup of some other recent chip funding news
News - SK Hynix
The latest news from the data center, telco, and cloud sector
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SK Hynix posts record quarterly revenues, says demand for AI memory will carry into 2025
Highest quarterly operating profit ever recorded by the memory chip manufacturer
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SK Hynix union rejects proposed wage agreement, demands more in wake of surging profits
Union wanted an eight percent increase but was offered 5.7 percent
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AI chip startups Sapeon Korea and Rebellions to merge
Well funded business plan to combine forces
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SK Hynix awarded $450m in proposed funding under US CHIPS Act
Will be used to support chip manufacturer’s $3.87bn HBM plant in West Lafayette, Indiana
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Fueled by memory chip demand, SK Hynix posts highest quarterly profits since 2018
Korean company's operating profit was $3.96bn in Q2 2024
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SK Hynix to invest $74.6bn in AI technologies
Company also looking to streamline its growing list of subsidiaries
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Mimir IP sues Micron, alleges patent infringement over patents purchased from SK Hynix last month
Dell, HP, Lenovo, and Tesla also named in the lawsuit
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South Korea’s Rebellions and Sapeon announce merger to create new AI chip entity
Wants South Korea to become market leader in AI chip space
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Chinese national on trial for allegedly stealing SK Hynix chip secrets
The 30-year-old woman was arrested last month
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SK Hynix confirms HBM chips sold out for 2024, limited supply left for 2025
AI boom has fueled memory chip demand
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SK Hynix announce new South Korean chip fab and first profitable quarter since 2022
New fab expected to be completed by November 2025
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TSMC signs MoU with SK Hynix for HMB4 production; posts Q1 2024 financial results
Partnership will see SK Hynix adopt TSMC’s foundry processes for next-generation HMB production
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SK Hynix confirms $3.87 billion investment in Indiana advanced chip packaging facility
Mass production at the plant expected by second half of 2028
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Chiplet interconnect startup Eliyan closes $60m funding round
The Series B round was co-led by Samsung Catalyst Fund and Tiger Global Management
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SK Hynix to invest $4 billion in new Indiana chip packaging facility
Plant is expected to be operational by 2028
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US government still investigating alleged chip sanctions breach by SMIC
Probe relates to inclusion of 7nm chips in Huawei Mate 60 Pro phone
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SK Hynix could invest $1bn in advanced chip packaging
Investment will be used to advance power consumption and performance
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SK Hynix to build new packaging plant in Indiana
In 2022, the company pledged to invest $22bn in US-based projects
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US sanctions impact Chinese chip imports, but universities skirting restrictions
Nvidia A100s and H100s amongst restricted semiconductors purchased in China
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Samsung and SK Hynix lead investment into new South Korean semiconductor mega cluster
Initial investments from the companies total around $471 billion - but derided as a "nothing burger" by analyst
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SK Hynix to combat losses through $1bn bond deal
Second time the chipmaker has undertaken such a sale
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SK hynix posts first loss in 10 years as memory market struggles
Joining Micron and Samsung in trying to survive the memory market crash
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Samsung sees chip profits crater, but won't cut investment
Buying into the chip dip
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SK Hynix says it is reviewing acquiring Arm
As part of a consortium
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SK Telecom's SK Square spin off to target "aggressive" semiconductor investment
Looking for companies to combine with or augment SK Hynix
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SK Hynix admits some DRAM chips are defective, claims that rumors it is widespread is "cyber libel"
It won't say how many are defective