August 27, 2026 · Tippecanoe · St. Joseph · Boone · Noble
$4 Billion in a Single Day: What Indiana Manufacturers Need to Know About the SK Hynix, Samsung SDI, and RayzeBio Announcements
Four billion dollars in capital commitments landed in Indiana in a single day. Here's what the press coverage missed, and what C&I operators need to act on now.
More than four billion dollars in capital commitments landed in Indiana in a single day (semiconductors in Tippecanoe County, battery storage in St. Joseph County, radiopharmaceuticals in Boone County) and the press coverage of every one of those announcements buried the structural risk sitting underneath it. This brief names what was missed and what Indiana C&I operators and suppliers need to act on now.
01Statewide
SK Hynix Breaks Ground in West Lafayette, and the Detail the Ceremony Buried
SK Hynix held its ceremonial groundbreaking at Purdue University's Holloway Gymnasium for its HBM packaging and R&D facility in Purdue Research Park. The confirmed investment is more than four billion dollars, up from the $3.87 billion figure in the original Commerce Department documentation.
02Statewide
Samsung SDI Takes Full Control of New Carlisle, and Indiana Now Holds North America's ESS Concentration
Samsung SDI is taking full ownership of the $3.5 billion, 27-gigawatt-hour battery cell plant in New Carlisle (its first wholly owned battery facility in North America) and pivoting the plant to include an energy storage system line targeting U.S. grid storage demand.
03Boone
RayzeBio's $173M Whitestown Facility, and the Isotope Supply Risk No One Is Naming
RayzeBio, a Bristol Myers Squibb company, is investing more than $173 million to build an approximately 450,000-square-foot radiopharmaceutical manufacturing facility at Anson Industrial Park in Boone County, nearly six times the size of its existing 77,000-square-foot Indianapolis operation. Up to 100 new jobs at average annual wages above $130,000, projected by end of 2029.
Questions for Your Morning Huddle
Q: What should Indiana suppliers do right now to get into the SK Hynix vendor ecosystem?
A: Start two separate conversations immediately: Purdue Research Foundation handles site-development entry, while SK Hynix's U.S. procurement organization runs the actual vendor qualification process. Vendor qualification for a cleanroom of this scale typically opens 18 to 24 months ahead of commissioning, which means the window for the October 2028 cleanroom is open now and narrowing fast.
Q: How does Samsung SDI's full ownership of New Carlisle change the supply chain opportunity for Indiana manufacturers?
A: Samsung SDI now operates two Indiana ESS production nodes (New Carlisle and StarPlus Energy in Kokomo) making Indiana the geographic concentration point for Samsung SDI's North American grid-scale battery capacity. Suppliers that serve battery manufacturing should audit their product and service fit against grid-scale ESS requirements, which differ from EV cell production in materials, logistics, and maintenance needs.
Q: What is the biggest unresolved risk in the RayzeBio Whitestown announcement?
A: RayzeBio has not disclosed an isotope supply agreement for actinium-225, and major Ac-225 suppliers have already committed long-term capacity to Bayer, Eli Lilly, and Novartis. The facility is betting on upstream supply that is not yet contracted, and the most meaningful signal to watch for is a BMS supply deal with TerraPower Isotopes, Niowave, or a DOE national lab.
Q: Is the SK Hynix bonding technology change a risk to the Indiana facility?
A: Not to the initial build, the Indiana cleanroom opens on MR-MUF bonding equipment, which is the current production technology. The open question is whether SK Hynix routes its next-generation hybrid bonding lines to Indiana or to its Cheongju facility for 2027. If Indiana gets HBM5 hybrid bonding capacity, a second capital event in the early 2030s becomes plausible. That is a scenario to position for, not a certainty to count on.
For context on how Indiana utility rates and grid costs affect the economics behind large capital deployments like these, see NIPSCO's 12-Day Gary Blackout, the IURC Contradiction Behind It, and What Indiana Manufacturers Must Model Before September 8 and AES Indiana Rate Deadline September 5: What Indiana Manufacturers Need to Model Before the IURC Vote.
This brief
More from Tippecanoe County
- NIPSCO's 12-Day Gary Blackout, the IURC Contradiction Behind It, and What Indiana Manufacturers Must Model Before September 8
- AES Indiana Rate Deadline September 5: What Indiana Manufacturers Need to Model Before the IURC Vote
- Samsung SDI's New Carlisle Indiana Battery Plant Takeover, Amazon's Terre Haute Nuclear Bet, and GM's Brownstown Closure
Manufacturers Energy Grant Program
Free for Indiana manufacturers
Manufacturers from qualifying Indiana counties receive free, ongoing energy auditing and cost control that reduces their energy bills and keeps them low, month after month. Every line item checked and validated, every opportunity found comes with a step-by-step guide to capture it.
EDCs: sponsor this program and it carries your organization's name For economic developers →