SK hynix seeks approval to export equipment to China on condition of building US plants
SKHY SK Hynix Inc ADR
$147.55 -6.06%
View chart & analysis → - 1Solidigm, the US subsidiary of SK hynix, intends to install NAND flash memory manufacturing equipment at its Dalian facility in China.
- 2Solidigm is requesting US export licenses for additional equipment from Lam Research, Applied Materials, and KLA.
- 3SK hynix shares recorded a 20% decline this month.
So what's the key point?
What is the main point? SK hynix's US subsidiary has applied for permission to bring equipment into its Chinese factory. The stock price fell by 20% this month, so the situation needs to be monitored.
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