Market Chatter: SK Hynix Secures Approval to Build $4 Billion Chip Plant in Indiana

MT Newswires Live

May 12

SK Hynix (KRX:000660) plans to build a $4 billion semiconductor packaging facility in Indiana after the West Lafayette City Council approved a land rezoning request, Pulse News reported last week.

The facility will be built near Purdue University on Purdue Research Foundation land, the report said.

Shares of SK Hynix rose more than 2% in recent trade on Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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