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Solidigm reportedly plans $45 billion US NAND fab
Bloomberg reports that Solidigm, wholly owned by SK hynix, is discussing a new US NAND wafer fab with the US Commerce Department. The company plans to invest $45 billion, with the eventual investment potentially approaching $100 billion. New York is among several states being considered for the site.
What to know
- 01
Solidigm has its headquarters and R&D facilities in the US, while its only volume-production wafer fab is in China.
- 02
The company plans to implement new technology in China before transferring it to the proposed US fab, which requires US Commerce Department approval.
Why it matters
The plan concerns Solidigm’s NAND manufacturing footprint and the permission needed to transfer technology from China to the US.
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