13News reporter Emily Longnecker breaks down the announcement and what it means for West Lafayette's economy.
WEST LAFAYETTE, Ind. — State leaders unveiled plans Wednesday to build a $4 billion microchip factory inThey say it is part of a larger effort to bring production back from overseas and start a new"silicon heartland" in Indiana. The plant could be up and running in about four years.
The university is home to one of the top semiconductor and microelectronics engineering programs. Students will be able to intern with the company while also providing a talent pipeline.SK Hynix is promising to bring more than a thousand high-paying jobs to West Lafayette. "This is from the north to the southern border in the state of Indiana. What is really separating us from the rest of the competition and why we have a little swagger is because of that talent that is absolutely necessary if you're going to win a knowledge based economy," Holcomb said.The company said the plant will produce high-bandwidth memory chips that will help meet U.S.
"It's a pretty obvious problem, but it had taken decades to really be addressed and I'm just happy we could be here on this day and Indiana could play a role in meeting this critical need," said Sen. Todd Young, R-Indiana.
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