SK Hynix New York Chip Plans Hit Snag Over US Export Rules
SK Hynix is seeking US export licenses to equip its Dalian plant in China. It argues that more production there would help pay for its planned US expansion. According to sources, the US Commerce Department has not yet approved the new licenses, so the New York chip plans have hit a snag.
Quick glossarySK Hynix, export licenses, Commerce Department
- SK Hynix
- A South Korean chipmaker best known for memory chips used in AI servers and smartphones.
- export licenses
- An official permission from a government that a company needs before it can ship certain goods or technology abroad.
- Commerce Department
- The US government body that handles trade, business and export rules for American companies.
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