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SK Hynix Completes Deal for $958 Million in US Chips Grant, Loan

The Biden administration has cemented a deal to give SK Hynix Inc. as much as $458 million in grants and $500 million in loans to support an advanced chip packaging facility in Indiana, a key part of US efforts to build a domestic semiconductor supply chain. The final contract, which is slightly more than a preliminary deal announced in August, means that the South Korean company can begin receiving funds as its project hits negotiated benchmarks....

Read more at bloomberg.com

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