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What SK Hynix's New $13 Billion Memory Plant Means for Micron Stock -- Barrons.com
SK Hynix’s plan to build a $13 billion memory plant in Indiana, slated for completion by 2028, is expected to benefit Micron (MU) by boosting demand for high-bandwidth memory (HBM) used in AI. While SK Hynix is currently a leader in HBM, the new plant is seen as a positive for the entire memory industry, potentially prompting other manufacturers like Micron to expand their own HBM capabilities in the U.S. This investment underscores the increasing importance of HBM in the AI sector and suggests a robust future for memory chipmakers.