SK Hynix conditions new US factory on more US chip equipment exports to China, sources say
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓SK Hynix is seeking US approval to export chipmaking equipment to China as a condition for building a new factory in the US.
- ✓The company wants to install gear at its Dalian site to boost NAND chip production.
- ✓"The installation of equipment is being carried out in close consultation," said SK Hynix.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Reuters
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
NEW YORK/SEOUL Oct 14 (Reuters) - South Korea's SK Hynix is seeking approval from Washington to export US chipmaking equipment to China to increase production there as a condition for building a factory in the US, two people familiar with the matter said on Wednesday.
Sign up here.
Amid a global shortage of memory chips that has driven up prices, Solidigm, the US unit of SK Hynix, wants to install new equipment to produce NAND chips in unused space at SK Hynix's Dalian, China, site. NAND flash memory is used in solid-state drives installed in data centers for AI and cloud computing.
Solidigm's pursuit of a US export license for additional equipment in Dalian and linking its plan to build a new US NAND factory to its Chinese fab have not been previously reported.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Reuters
Read the full, original unfiltered story directly on the publisher's portal.