Solidigm

SK hynix's plan to invest $45 billion in a semiconductor factory in New York via its subsidiary Solidigm is stalled because the U.S. Department of Commerce is withholding export licenses for equipment to SK hynix's Dalian factory in China. Solidigm is exploring alternative sites.

The U.S. government has delayed export approval for American-made semiconductor manufacturing equipment needed for SK Hynix's factory expansion in Dalian, China. The delay impacts SK Hynix's plans to invest approximately $45 billion in two NAND flash production plants in Marcy, New York, as the company needs revenue from the China expansion to fund the U.S. investment.

The US Commerce Department has not approved export licences for American chipmaking equipment that SK Hynix wants for its plant in Dalian, China, affecting the company's proposed investment in new NAND memory plants in New York.