Global Trade Alert
Global Trade Alert

United States of America (State of Indiana): Introduction of funding to support SK Hynix’s semiconductor packaging investment

Announcement

03 Apr 2024

In April 2024, the Indiana Economic Development Corporation (IEDC) announced financial support for Hynix’s semiconductor packaging investment. 

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

03 Apr 2024

Revocation date:

No revocation date

Updated: 03 Apr 2024
Financial grant In force

On 3 April 2024, the Indiana Economic Development Corporation (IEDC) announced USD 45 million in funding to support SK Hynix Semiconductor West Lafayette LLC’s investment on a new advanced packagin...

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Updated: 03 Apr 2024
Tax or social insurance relief In force

On 3 April 2024, the Indiana Economic Development Corporation (IEDC) announced USD 554.7 million in tax incentives for SK Hynix Semiconductor West Lafayette LLC, the U.S. subsidiary of the Korean s...

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Updated: 03 Apr 2024
Financial grant In force

On 3 April 2024, the Indiana Economic Development Corporation (IEDC) announced USD 80 million in grants to SK Hynix Semiconductor West Lafayette LLC, the U.S. subsidiary of the Korean semiconductor...

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