- Reuters reports SK hynix's Solidigm plans two NAND plants in New York, with investment potentially reaching $100B over time.
- SK hynix says expanding its Dalian NAND operations in China would help finance the U.S. investment.
- Reportedly, U.S. Commerce officials are holding up equipment export approvals for Dalian, with Under Secretary Jeffrey Kessler pushing back on additional equipment.
- No formal license denial has been issued, leaving the outcome unresolved for Korean semiconductor investors.
Quotes
“No formal license denial yet.”
“Washington wants semiconductor investment at home while restricting the overseas operations that SK hynix says would help fund it.”