U.S. officials have held up approval for American chipmaking equipment needed by SK Hynix to expand production in China, complicating the South Korean chipmaker’s plans for new memory-chip plants in New York, according to people familiar with the matter. SK Hynix is seeking U.S. export licenses to equip its Dalian plant, arguing that increased production there would help fund its planned U.S. expansion. But the Commerce Department has yet to approve the new licenses, the people said. Its Solidigm unit plans to invest about $45 billion and build two NAND plants in Marcy, New York, two people said, with investment potentially reaching about $100 billion over time. NAND is memory that retains data even when power is turned off and is used for storage in data centers. Trump administration faces policy dilemma The negotiations raise questions about how far the Trump administration is willing to bend national security guardrails established to keep U.S. technology from aiding China’s military, in order to bring foreign investment and chipmaking onshore. “Ultimately, none of this is going to go f
SK Hynix’s New York chip plans hit snag over US restrictions on China, sources say
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- SK Hynix’s New York chip plans hit snag over US restrictions on China, sources say
U.S. officials have held up approval for American chipmaking equipment needed by SK Hynix to expand production in China, complicating the South Korean chipmaker’s plans for new memory-chip plants in New York, according to people familiar with the matter. SK Hynix is seeking U.S. export licenses to equip its Dalian plant, arguing that increased production there would help fund its… Read more: SK Hynix’s New York chip plans hit snag over US restrictions on China, sources say - Betting on US midterms brings rush, stress as serious money goes on the lineNEW YORK — When polls close in the U.S. midterm elections on Tuesday night, Noah Poser will be glued to his phone tracking dozens of large wagers he placed on prediction markets. Poser, 28, who works in financial technology and has written about betting strategies in such markets, plans to track every change in the vote count from a friend’s… Read more: Betting on US midterms brings rush, stress as serious money goes on the line
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Learn People & History of Korea
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