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Feb. 20, 2025
Nelson Mullins Represents SK hynix Inc. in $958 Million CHIPS Act Funding
A multidisciplinary team led by partner Woojin Shin successfully represented SK hynix Inc. in a financial transaction with the U.S. Department of Commerce, securing up to $458 million in direct funding and $500 million in loans under the CHIPS and Science Act.
SK hynix is the world’s leading producer of high-bandwidth memory (HBM). This funding will support SK hynix’s manufacturing project in West Lafayette, Indiana, where the company plans to invest $3.87 billion to build a memory packaging plant for artificial intelligence (AI) products and an advanced packaging fabrication and R&D facility.
In addition to Shin, partners David Yang, Jay Suhr, Will Gaines, Shane Gunter, senior policy advisor Justin Meyers, and associate Olivia Kim provided key assistance to SK hynix in the transaction, which closed in December 2024.
Established in 1897, Nelson Mullins is a full-service Am Law 100 firm of more than 1,000 attorneys, policy advisors, and professionals with offices across the United States. For more information, go to www.nelsonmullins.com.
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Media Contact
Caroline Balchunas
T 843.534.4121
caroline.balchunas@nelsonmullins.com
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