SK Hynix eyes India for new memory chip hub
SK Hynix, a major South Korean chipmaker, is looking to set up a memory chip assembly and testing plant in India—possibly teaming up with Noida's ASP Sealing Products and considering Odisha as the location.
This move follows Micron's recent investment in Gujarat, signaling that India is fast becoming a hotspot for global chip giants.
Why does this matter?
With AI tech booming worldwide, the demand for advanced memory chips like DRAM and HBM is skyrocketing.
SK Hynix's expansion could help meet India's growing tech needs and lower costs, and is expected to boost local jobs if it follows trends seen with other investments like Micron's.
Plus, with government support covering up to 70% of costs, it's clear why big players are betting on India to shape the future of semiconductors.