Key facts
- Solidigm plans to invest $45 billion in a new US chip plant.
- The company is negotiating with the US Commerce Department.
- Solidigm seeks approval for equipment exports to China to upgrade its Dalian facility.
Solidigm, an American subsidiary of South Korean memory-chip maker SK Hynix, is in discussions with the US Commerce Department about a potential $45 billion investment in a new US chip manufacturing plant. The company is seeking US government approval to export equipment to upgrade its existing flash memory facility in Dalian, China. Solidigm believes that enhancing the Dalian plant's capabilities will generate increased revenue, which can then be used to finance the construction of the new US facility. This plan marks a significant potential investment in US semiconductor manufacturing.