SK Hynix's U.S. subsidiary, Solidaime, is moving forward with plans to establish a large-scale NAND flash production facility valued at approximately 60 trillion won (about $45 billion). There are indications that the total investment could exceed 130 trillion won (around $100 billion) in the long term.
According to Bloomberg on October 28, Solidaime is in negotiations with the U.S. Department of Commerce regarding the establishment of a memory semiconductor plant worth $45 billion.
New York state is being considered as a potential site for this project, with expectations that construction could begin as early as next year. Depending on future business expansion, the total investment could rise to as much as $100 billion.
Ahead of this investment, Solidaime is reportedly pressing U.S. authorities for permission to import American-made equipment into its factory in Dalian, China.
The company aims to utilize profits generated from modernizing its Chinese facilities to fund investments in the new U.S. plant. This move is seen as an effort to navigate regulatory barriers after the U.S. government last year ended special exemptions for equipment imports for Samsung Electronics and SK Hynix's production lines in China, transitioning to an annual approval system.
However, Solidaime has stated that it is still exploring various global candidates for the memory factory and has not yet made any final decisions. The focus on this project has intensified following SK Hynix's recent announcement to postpone Solidaime's initial public offering (IPO).
* This article has been translated by AI.
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