SK hynix (NasdaqGS:SKHY) Seeks US Clearance For China Chip Gear Plan

SK hynix (NasdaqGS:SKHY) has asked US authorities for permission to export chipmaking equipment to its facilities in China. The request forms part of a cross border manufacturing plan that links SK hynix operations in South Korea, China and the US. Management is pairing the China equipment request with investment in a new US plant and funding options for subsidiary Solidigm, including a potential IPO. The push for US approval on China equipment shipments only captures one piece of the...