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- SK Hynix received $450M from the US CHIPS Act to support its $3.87B high-bandwidth memory (HBM) advanced packaging facility in West Lafayette, Indiana. Announced in April 2024, the facility will produce next-gen HBM and serve as an R&D center for AI products. Collaborating with Purdue University and Ivy Tech, it aims to create training programs and generate about 1,000 jobs, filling a crucial gap in the US semiconductor supply chain.
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According to the 2020 US census, the population of West Lafayette, IN was 49,668.
The average property price in West Lafayette, IN is $349,780.
The property prices in West Lafayette, IN are currently on an increasing trend.
The average rent value in West Lafayette, IN is $2,013.
The average household income in West Lafayette, IN is $61,315.