SK Hynix faces US licensing hurdle for $45 billion New York expansion

First reported by DigiTimes at · Updated · 2 sources

Washington has not approved export licenses for equipment at SK Hynix's Dalian plant in China. The company argues that increased production there would help finance its US expansion, according to The Economic Times. DigiTimes reported that the proposed investment faces pressure ahead of a year-end tax incentive deadline.

  • The Economic Times reported that Solidigm plans two NAND plants in Marcy, New York.

Covered by 2 publishers within 7 hours of the first report.

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DigiTimes US chip curbs on China complicate SK Hynix's US$45 billion NAND plan · DIGITIMES
The Economic Times SK Hynix's New York chip plans hit snag over US restrictions on China, sources say