Memory chip maker to build $4 billion plant in West Lafayette, Wall Street Journal reports

SK Hynix facility is expected to build near Purdue University and create 800 to 1,000 new jobs for the area with operations potentially starting in 2028, according to the Wall Street Journal report.

SK Hynix currently operates as Nvidia's exclusive partner, developing high-bandwidth memory for advanced graphic processor units, according to The Wall Street Journal.

Over the last five years, Nvidia’s stock evaluation exploded, going from $44 a share to now almost $943 a share. This is in large part due to the company’s pivot into developing products and tools for AI software development, according to a Journal & Courier review of Nvidia's stock prices.

The Journal & Courier reached out to local officials and Purdue University to confirm the validity of The Wall Street Journal's report, but no one has commented so far.