Bloomberg: SK Hynix Sub-Subsidiary Solidigm Pursuing $45 Billion NAND Plant in US

Solidigm, a US sub-subsidiary of SK Hynix, is discussing plans with the U.S. Department of Commerce to invest $45 billion (approx. 60 trillion won) to build a NAND flash plant in the United States, Bloomberg reported on the 27th (local time), citing sources.

According to the report, before finalizing its decision to pursue the project, Solidigm wants to obtain approval from the U.S. government to ship equipment for upgrading its NAND plant in Dalian, China.

Solidigm has explained to U.S. officials that increased sales from the Dalian plant would directly help fund the construction costs of the U.S. plant.

Solidigm has informed the Commerce Department that the total investment for the U.S. plant could approach $100 billion (approx. 133 trillion won) over time.

One of the sources said New York state and other locations are being considered as potential sites, and construction could begin next year.

According to Bloomberg, Solidigm declined to comment on the discussions with the U.S. government, stating, "We are reviewing plans to build NAND memory fabs in various potential locations around the world, and no specific decisions have been made."

These discussions come right after SK Hynix disclosed on the 22nd that it was suspending its review of an initial public offering (IPO) for Solidigm.

Last August, the U.S. revoked the Validated End-User (VEU) status for Samsung Electronics and SK Hynix plants in China and shifted to an annual approval system.

(Photo provided by Solidigm website, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.