Published • loading... • Updated
SK Hynix's New York Chip Plans Hit Snag over US Restrictions on China, Sources Say - BusinessWorld Online
The delay leaves SK Hynix waiting on approval for equipment exports as Solidigm weighs a $45 billion plan for two NAND plants in Marcy, New York.
- The U.S. Commerce Department is withholding export licenses needed by South Korean chipmaker SK Hynix and its U.S. subsidiary, Solidigm, to equip a NAND memory plant in Dalian, China, complicating the company's planned $45 billion investment in New York.
- SK Hynix acquired the Dalian facility from Intel for $9 billion in 2020, shortly before the U.S. instituted broad export controls and revoked previous authorizations, calling them a "Biden-era loophole."
- Commerce Under Secretary Jeffrey Kessler maintains the U.S. will not allow tools to upgrade or expand capacity, though the department has not formally denied a license to fill empty cleanroom space; Solidigm executives have met with Commerce officials nearly 10 times since late August.
- Oneida County Executive Anthony Picente expressed urgency regarding the New York facility, noting that a federal investment tax credit expires at year's end and stating, "Hopefully we'll have an answer in the next couple of weeks."
- The White House ultimately holds final approval authority, creating a policy dilemma between national security and onshore investment, as Solidigm continues evaluating potential locations worldwide for NAND memory fabs with no decision yet made.
Insights by Ground AI
13 Articles
13 Articles
U.S. Blocks Equipment Entry for SK Hynix's China Factory... New York Plant Investment Also Setbacked
(New York = Yonhap News) Correspondent Kim Yeon-sook = As the U.S. government withheld export permits for U.S.-made semiconductor manufacturing equipment needed for SK Hynix's expansion of its factory in China, SK...
·Seoul, Korea (the Republic of)
Read Full Article
The Korea Times+2 Reposted by 2 other sources
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 Korean ch...
·Seoul, Korea (the Republic of)
Read Full Article
Coverage Details
Total News Sources13
Leaning Left2Leaning Right4Center4Last UpdatedBias Distribution40% Center, 40% Right
Bias Distribution
- 40% of the sources are Center, 40% of the sources lean Right
40% Right
L 20%
C 40%
R 40%
Factuality
To view factuality data please Upgrade to Premium
