Solidigm seeks U.S. approval to upgrade China plant to fund $45B U.S. factory
Briefing by News4U · First published
Solidigm, SK hynix’s U.S. unit, is negotiating with the Commerce Department to invest $45 billion in a new U.S. flash-memory plant while seeking permission to upgrade its Dalian facility.
Toms Hardware reports that Solidigm, an American subsidiary of SK hynix, is in talks with the Commerce Department over plans to invest $45 billion in a new U.S. flash-memory plant while seeking approval to export equipment to upgrade its existing Dalian, China facility. [1]
The company has told officials that upgrades to the Dalian plant would help finance the U.S. project, with total U.S. investment potentially reaching $100 billion and construction in New York slated for 2027. [1]
Sources
- SK hynix-owned Solidigm is plotting a new $45 billion flash memory factory for the US, report claims
Toms Hardware · · Excerpt