Purdue Research Park To Have SK hynix Facility; Gets $458 Million Funding

Purdue Research Park is all set to house the SK hynix facility which secured a $458 million funding form the US Department of Commerce.

Study in US: The US Department of Commerce announced direct funding of $458 million to bolster the SK hynix investment.

Purdue President Mung Chiang said, “Since SK hynix’s announcement of their $3.87 billion investment at Purdue Research Park this April, the world of AI and semiconductors has continued to advance rapidly. With the world-leading memory chips for AI products and with the unique step of advanced packaging in the chips supply chain, this Silicon Heartland ecosystem is now coming to fruition to strengthen the foundation for national and economic security. In what is becoming the largest such tech production facility on any university campus, Purdue will partner closely with SK hynix and its suppliers and customers to create jobs, workforce and research innovation along America’s Hard-Tech Corridor.”

SK Hynix is a leading producer of HBM chips in the world and its partnership with Purdue University fills a critical gap in the US semiconductor supply chain. Purdue Research Park will house the SK hynix facility.

Chad Pittman, incoming president and CEO of Purdue Research Foundation said, “This collaboration between industry, academia and government exemplifies the innovative partnerships needed to strengthen America’s position in the global semiconductor landscape and secure our technological future."

Fast Company Magazine Names Purdue University As “Brands That Matter"

Purdue University is the only higher education institution to be named in the prestigious annual list of Fast Company magazine’s "Brands That Matter". The university is listed in this list for the fourth year in a row.

“Purdue’s selection as a Brand That Matters for the fourth year in a row is another reflection of both the outstanding work by our marketing and communications teams and the continued elevation of Boilermakers’ visibility in American higher education,” Purdue President Mung Chiang said.

Other prestigious honours and rankings earned by Purdue University include - being named a top 10 Most Innovative University by U.S. News & World Report for the seventh consecutive year, in the 2024-25 Global University Visibility rankings, the university was number 1 among the US public universities and placed at number 9 for the most recognized university in the world. In the 2025 QS (Quacquarelli Symonds) World University Rankings, among US public universities, Purdue was at number 8.

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