A Nvidia partner will invest $4 billion in 1 U.S. state

U.S. efforts to become a dominant force in the chipmaking industry could be propelled by a planned $4 billion advanced chip-packaging facility in Indiana.

SK Hynix, a South Korean semiconductor company, reportedly plans to invest billions to build a facility in West Lafayette, Ind., sources told the Wall Street Journal. The facility, which could begin operating in 2028 and create up to 1,000 jobs, would be supported partly by both state and federal tax incentives, according to the sources. The chipmaker’s board is expected to vote on the decision to build the facility at an undetermined time.