US holds up chip tool export licences SK hynix needs for its Dalian plant, clouding its New York investment
Reuters reports, citing sources, that Commerce has not approved the licences, which SK hynix says would help fund Solidigm's planned $45bn New York NAND plants; there is no official statement.
Why it matters
SK hynix argues that more output at Dalian would help pay for two NAND flash plants Solidigm plans in Marcy, New York, an investment sources say could reach $100bn over time. According to the report, Under Secretary of Commerce Jeffrey Kessler held firm last week that no more equipment could go in to expand or upgrade the plant, after close to 10 meetings since late August. The case shows the tension between Washington's China restrictions and its push to bring chipmaking home. Watch the separate licence talks needed to keep Dalian running next year.
Key facts
- Solidigm plans a $45bn investment in two NAND plants in Marcy, New York
- Sources say the investment could reach $100bn long term
- Close to 10 meetings with Commerce since late August
- Under Secretary Jeffrey Kessler held firm last week, sources said
- Separate licence talks cover running Dalian next year