Solidigm Reportedly Pitches $45 Billion US Flash Memory Plant to Commerce Department
The plan hinges on a US export approval for equipment to upgrade the company's Dalian factory in China.
Solidigm, the US subsidiary of SK hynix, is reportedly negotiating with the Commerce Department over a plan to spend $45 billion on a new US flash memory plant. The company is said to want approval to ship equipment to upgrade its Dalian, China factory, with the claim that the upgraded site would help fund the US build. Sources say it has also floated a possible total US investment of $100 billion, with construction in New York slated for 2027. How officials have responded is unknown, and the request must clear US export restrictions on technology sent to China. The talks come as memory shortages are expected to persist through 2030 and prices for NAND chips have risen sharply.
Why it matters
The talks bring a possible new US source of NAND flash into view at a time when supply is tight and prices have climbed, and they put China-related export rules at the center of the deal. Consumers who buy memory products could feel the outcome through pricing, since manufacturers have shifted capacity toward data center components. Whether the plan goes ahead depends on officials approving the export request, and that decision has not been reported.
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