SK Hynix Seeks U.S. Approval to Export Chip Equipment to China in Exchange for New Factory
Solidigm, the flash memory unit of SK Hynix, is reportedly seeking U.S. approval to send American chipmaking equipment to its Dalian facility in China.
Solidigm, the flash memory unit of SK Hynix, is reportedly seeking U.S. approval to send American chipmaking equipment to its Dalian facility in China. According to Reuters sources, this move is part of a plan to build a new semiconductor factory in the U.S., with upstate New York under consideration.
Solidigm reportedly aims to install more equipment into spare space at the Dalian factory to boost production of NAND flash memory chips. NAND chips are used in solid-state storage drives for devices ranging from laptops to artificial intelligence data centers. Research firm Trendforce expects NAND prices to rise between 15% and 20% in the fourth quarter amid high demand.
SK Hynix told TechCrunch it is not expanding capacity at the Dalian Mod B facility and that equipment installation is done in consultation with the U.S. government. The U.S. has enforced strict export restrictions on chipmaking equipment to China since October 2022. Additionally, Solidigm is reportedly preparing for a U.S. initial public offering in 2027 that could raise about $10 billion.
The story so far
Earlier coverage connected by shared names and topics. Follow the dates to see how coverage developed; these links do not imply every article describes the same event.
Chinese Lab Manus Raises Over $500 Million in First Funding Round Since Meta SplitChinese lab Manus has raised more than $500 million in its first funding round since Chinese authorities blocked Meta from acquiring the…
Connected by: ChinaEARLIER COVERAGE- Scimplify raises $25M to challenge China’s grip on critical materials with AI
Indian specialty chemical startup Scimplify has raised $25 million in an all-equity strategic round led by Hitachi Ventures. The funding values the…
Connected by: ChinaEARLIER COVERAGE - Mukesh Ambani’s Jio Platforms Seeks to Raise $3.2 Billion in India’s Largest Initial Public Offering
Jio Platforms, the digital arm of Mukesh Ambani’s Reliance Industries, is seeking to raise up to $3.2 billion in what could become…
Connected by: SeeksEARLIER COVERAGE - Ricursive Intelligence Founders Anna Goldie and Azalia Mirhoseini Use AI to Accelerate Chip Design
Startup founders Anna Goldie and Azalia Mirhoseini are developing artificial intelligence designed to automate and accelerate the chip design process. Speaking at…
Connected by: TechCrunchEARLIER COVERAGE - NOWSK Hynix Seeks U.S. Approval to Export Chip Equipment to China in Exchange for New FactoryCURRENT UPDATE
Original publication: 15 October 2026 22:15
