The U.S. Department of Commerce said it has signed a contract to provide SK Hynix with $458 million, 660 billion won in subsidies and $500 million and 720 billion won in loans under the Semiconductor Act.
The grant will be used to build a semiconductor assembly plant in Indiana, USA.
The final amount of support was slightly higher than the $450 million in the preliminary transaction memorandum in August.
SK Hynix plans to invest $3.87 billion to build a plant in Indiana.
The Biden administration is rushing to support major semiconductor companies ahead of Trump's inauguration.
Earlier, $7.865 billion was confirmed for Intel and $6.165 billion for Micron.
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The grant will be used to build a semiconductor assembly plant in Indiana, USA.
The final amount of support was slightly higher than the $450 million in the preliminary transaction memorandum in August.
SK Hynix plans to invest $3.87 billion to build a plant in Indiana.
The Biden administration is rushing to support major semiconductor companies ahead of Trump's inauguration.
Earlier, $7.865 billion was confirmed for Intel and $6.165 billion for Micron.
※ 'Your report becomes news'
[Kakao Talk] YTN Search and Add Channel
[Phone] 02-398-8585
[Mail] social@ytn.co.kr
[Copyright holder (c) YTN Unauthorized reproduction, redistribution and use of AI data prohibited]
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