US Restrictions Complicate SK Hynix's China and New York Chip Plans

• US officials have held up approval for American chipmaking equipment needed by SK Hynix to expand production in China.
• SK Hynix is seeking US export licenses to equip its Dalian plant.
• Increased production in China is intended to help fund SK Hynix's planned US expansion.
• The delay complicates SK Hynix's plans for new memory-chip plants in New York.
• SK Hynix argues that increased production in China would help fund its planned US expansion.