SK Hynix's New York chip plans hit snag over US restrictions on China, sources say
U.S. officials have held up approval for American chipmaking equipment needed by SK Hynix to expand production in China, complicating the South Korean chipmaker's plans for new memory-chip plants in New York, according to people familiar with the matter. SK Hynix is seeking U.S. export licenses to equip its Dalian plant, arguing that increased production there would help fund its planned U.S.…
U.S. officials have delayed approval for American chipmaking equipment needed by SK Hynix to expand production in China, hindering the company's plans for new memory-chip plants in New York, according to sources. SK Hynix is requesting U.S. export licenses to equip its Dalian plant, asserting that increased production there would support its projected U.S. expansion.
However, the Commerce Department has not yet granted the new licenses, sources indicated. SK Hynix's Solidigm unit aims to invest around $45 billion and construct two NAND plants in Marcy, New York, with potential investments totaling about $100 billion over time. NAND is a type of memory that preserves data even when power is turned off and is utilized for storage in data centers.
The negotiations pose a challenge for the Trump administration, as they must determine the extent to which national security limitations, implemented to prevent U.S. technology from aiding China's military, can be relaxed to facilitate foreign investment and domestic chip manufacturing.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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