SK Hynix's New York chip plans hit snag over US restrictions on China
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
SK Hynix is seeking US export licenses to equip its Dalian plant, arguing that increased production there would help fund its planned US expansion. But the Commerce Department has yet to approve the new licenses, the people said. Its Solidigm unit plans to invest about $45…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDelayed US export licences could slow SK Hynix's NAND production expansion.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01SK Hynix is seeking US export licenses to equip its Dalian plant.
- 02The Commerce Department has yet to approve the new licenses.
- 03Its Solidigm unit plans to invest about $45 billion in two NAND plants in Marcy, New York.