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SK hynix Investment is Largest Economic Development Deal in Indiana History

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This week, SK hynix – the world's leading producer of high-bandwidth memory chips – announced plans to build an advanced chip packaging fabrication and R&D facility in West Lafayette in what is the largest economic investment in Indiana history.

SK hynix will invest an estimated $3.8 billion in its West Lafayette facility, the first of its kind in the United States. The operation is expected to bring more than 1,000 new jobs to the region. The company plans to begin mass production in the second half of 2028, while the new facility will also develop future generations of chips and house an advanced packaging R&D line.

SK hynix will soon be a household name in Indiana. This incredible investment demonstrates their confidence in Hoosier workers, and I’m excited to welcome them to our state. The CHIPS and Science Act, which I helped pass in Congress, has opened a door that Indiana has been able to sprint through, and companies like SK hynix are helping to build our high tech future as a result.

Click here and here to read more about SK hynix’s investment in Indiana.


Maintaining Ties with Indo-Pacific Nations is Critical

Last week, I visited Singapore and Vietnam, where I had the opportunity to meet with government officials and business leaders. Click here to learn more about my trip.

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While in Singapore, I met with Prime Minister Lee Hsien Loong and other Singaporean government officials to discuss opportunities to strengthen relations between the U.S. and Singapore, including potential areas for collaboration on critical and emerging technologies, especially biotechnology, regional security, and the U.S.-Singapore Free Trade Agreement. Click here to read more about my visit to Singapore.

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In Vietnam, I met with U.S. firms that have made investments in the country to discuss the increasing role of Vietnam in global supply chains. I also had conversations about increasing their economic ties to Indiana, particularly in the fields of agriculture and healthcare. Click here to read more about my visit to Vietnam.


Attention Students: Join Senator Young for a Virtual Academy Day

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High school students interested in learning more about America’s service academies are invited to participate in my upcoming virtual Academy Day on Monday, April 15 at 6:30 p.m. ET. This virtual meeting is an opportunity to learn more about the admissions process and what life is like at the United States Military Academy, the United States Naval Academy, the United States Air Force Academy, and the United States Merchant Marine Academy. Representatives from each academy will be on hand to answer questions.

For more information, please email academy_nominations@young.senate.gov or visit my website.


Discussing the Future of Tech

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I recently joined Senator Mark Warner for a discussion on emerging technology, TikTok, the role of artificial intelligence in national security, and the CHIPS and Science Act during the Washington Post’s Futurist Summit.

Click here to watch the discussion.


Local News

Inside Indiana Business: $4B semiconductor plant confirmed for West Lafayette

Journal & Courier: Purdue and SK hynix announce semiconductor partnership, $3.87B investment

Lakeshore Public Media: Sen. Todd Young to serve as Valparaiso University commencement speaker

Indiana University: O’Neill student spends semester in nation’s capital advancing CHIPS and Science Act

KPC News: Young, colleagues urge freeze to ag wage rates


 

Thank you for the continued privilege to serve you in the U.S. Senate. My mission is to fight on behalf of Hoosiers and the interests that are unique to our state. I look forward to working with you, and sharing our progress, in the days ahead. 

In Service,

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