ITTR, I couldn't get that link you provided to work for me, but I did get others regarding the story that broke back in April of this year:

Inside the deals: How the SK Hynix project came together—and another fell apart - The Republic News

Of course the story of the search by SK Hynix for a U.S. manufacturing location started much earlier:

SK Hynix to break ground on new U.S. chip packaging plant early next year | Reuters

SK Hynix, regarding another matter, as part of their history has previously shown a sensitivity to political pressure as that pressure influenced their decision on building another plant in China:

Exclusive: U.S.-China tech war clouds SK Hynix's plans for a key chip factory | Reuters

In June of this year the parent company to SK Hynix made an announcement that fully illustrates the enormity of where that company is going relative to the AI chip making business.

SK Hynix announces $75B investment to boost AI chipmaking business - SiliconANGLE

"SK Group, the parent of South Korean memory chipmaker SK Hynix Inc., said today it’s planning to invest $74.6 billion into its chip business over the next three years, while setting aside an additional $58 bil especially for artificial intelligence-related technologies and shareholder returns."

In contrast, another project proposed for Indiana at Purdue by Skywater Technology was cancelled back in April of this year.

A contemporary newspaper account in April of this year stated "SkyWater Technology, which canceled its project at Purdue after the federal funding on which it based its planned $1.8 billion investment in West Lafayette wasn’t granted to the company

Tippecanoe County Commissioner Tom Murtaugh told WLFI-TV in West Lafayette that the company did not receive money from the CHIPS program."

"Bloomington-based SkyWater announced the project, in partnership with the state of Indiana and Purdue University, in July 2022. The public-private partnership planned to seek federal CHIPS (Creating Helpful Incentives to Produce Semiconductors) and Science Act funding."

“That was essential to their model,” Murtaugh told the station. “At this point that project is on long term hold.”

 SkyWater Technology is a U.S. company based in Minnesota and is a Department of Defense- accredited Trusted supplier.  In spite of that status and of being a U.S. based chip manufacturer the CHIPS money for the proposed SkyWater-Purdue $1.8 Billion dollar chip plant was not approved, so just being a U.S. based company trying to establish a new chip plant here in the U.S. is not a "done deal".  Question:  How much harder would it be for a Canadian company with partnership involvment as a JB in China to go through all of the hoops to gain CHIPS money or other U.S. funds to establish a manufacturing facility here in the U.S.?

A promising beginning, only to be deep sixed here in April:

As SkyWater expansion shows, government's role in U.S. chip industry is rising (startribune.com)

21 June 2024, Suresh Venkatesan: "While it’s not clear where this is headed, it would be prudent to project that we will require optical engine manufacturing outside Super Photonics and outside China."

If POET turns out to be part of the picture regarding the new SK Hynix Indiana manufacturing plant then prudence has won the battle regarding the future of POET Technologies.  

Fingers crossed, maybe it could happen?

Okiedo