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Kwak Noh-jung

CEO & President, SK Hynix

Search every verified Kwak Noh-jung interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. On August 27, 2026, Kwak Noh-jung, CEO and President of SK Hynix, participated in a groundbreaking ceremony for the company's advanced packaging production facility at Purdue University in Indiana, where SK Hynix announced a $4 billion investment. The company stated it plans to begin mass production of its first "Made in USA" High Bandwidth Memory (HBM) in the second half of 2029, using wafers produced in South Korea and shipped to Indiana for packaging and testing. Kwak said the project is expected to create over 7,000 direct and indirect jobs and that SK Hynix aims to be a reliable partner in the U.S. AI industry. He also noted the company would participate in a program to hire U.S. veterans of the Korean War. In a press conference following the ceremony, Kwak addressed questions about potential further U.S. investments, stating that while no short list of additional projects exists, the company is open to expanding outside Korea if locations provide sufficient resources such as water, power, talent, and subsidies. He said Indiana was selected based on an evaluation of these factors. Regarding ongoing lawsuits challenging the site selection, Kwak said the company is faithfully participating in the legal process. He also discussed the broader memory market, stating that supply shortages are expected to continue and that the next downturn, if it occurs, will differ from past cycles. Kwak reiterated SK Hynix's vision of becoming a "full stack AI memory creator," emphasizing deep collaboration with customers and partners to deliver differentiated products in the AI era.

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