Solidigm reportedly negotiating with the U.S. Department of Commerce 45000000000 USD U.S. factory construction plan
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AT A GLANCE
Sources familiar with the matter said that Solidigm plans to invest in the United States 45000000000 USD to build a NAND flash-memory factory, but the company said that no specific decision has yet been made.
Article
SK Solidigm, SK hynix's U.S. subsidiary, plans to invest in the United States 45000000000 USD to build a factory, contingent on approval to ship equipment to its Dalian factory
PANews October 27 reported, citing Bloomberg, that sources familiar with the matter said SK Solidigm, SK hynix's U.S. subsidiary, is negotiating with the U.S. Department of Commerce and plans to invest 45000000000 USD to build a new NAND flash-memory factory in the United States. Solidigm hopes to first obtain U.S. approval to ship new equipment to its Dalian, China factory for upgrades. The company said that the additional revenue from the Dalian factory would be used directly for construction of the U.S. factory, and the upgraded technology could also be used at the U.S. factory. Solidigm also told the Department of Commerce that total investment in the U.S. factory could ultimately approach 100000000000 USD. New York State is among the candidate locations, with construction potentially starting as early as next year. Both Solidigm and SK SK hynix said that no specific decision has yet been made. Last week,SK SK hynix canceled Solidigm's approximately 10000000000 USD IPO plan.
PANews, citing Bloomberg, reported that sources familiar with the matter said Solidigm is negotiating with the U.S. Department of Commerce.
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Solidigm plans to invest 45000000000 USD to build a new NAND flash-memory factory in the United States.
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Solidigm hopes to first obtain U.S. approval to ship new equipment to its Dalian, China factory for upgrades.
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The company said that the additional revenue from the Dalian factory would be used directly for construction of the U.S. factory, and the upgraded technology could also be used at the U.S. factory.
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Solidigm told the U.S. Department of Commerce that total investment in the U.S. factory could ultimately approach 100000000000 USD。
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New York State is among the candidate locations, with construction potentially starting as early as next year.
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Both Solidigm and SK SK hynix said that no specific decision has yet been made.
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Last week,SK SK hynix canceled Solidigm's approximately 10000000000 USD IPO plan.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report describes a factory-building proposal still under negotiation: Solidigm hopes to build a NAND flash-memory factory in the United States while applying to ship upgrade equipment to its Dalian factory. 45000000000 USD is the planned investment amount, approaching 100000000000 USD is the potential ultimate scale communicated by the company to the U.S. Department of Commerce, rather than an investment that has already been finalized or completed.
Why it matters to readers
If the plan moves forward, Solidigm will add a NAND flash-memory manufacturing project in the United States; meanwhile, whether the Dalian factory can obtain approval for new equipment is an important condition raised in the report.
Beginners should distinguish between “plans, negotiations, and potential investment” and “formal decisions and actual construction starts.” The current report does not prove that the factory will definitely be built, nor does it prove that the final investment amount, location, or construction start date has been determined.
Risks and unknowns
The core details of the negotiations come from sources familiar with the matter, whose identities were not provided in the original report.
It remains unclear whether the U.S. Department of Commerce will approve the shipment of new equipment to the Dalian plant.
Solidigm and SK SK hynix have not yet made a specific decision.
The final investment scale for the U.S. plant has not yet been determined.
Related Developments
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The final location has not yet been determined, and New York State is only one of the candidate locations.
It has not been confirmed whether construction can begin next year.
The original text does not state whether the cancellation of the IPO plan is causally related to the plant construction plan.
Related concepts
NAND flash memory
This term is not in the glossary yet. Browse related concepts in the glossary.
