Solidigm in talks with US on $45B chip plant to upgrade China site

Solidigm, the US subsidiary of South Korea's SK Hynix, is negotiating a $45 billion investment in a new US memory-chip plant with the Commerce Department. In return, the company reportedly seeks to upgrade its existing facility in China.

• Solidigm is a US subsidiary of SK Hynix
• $45 billion planned for a new US chip plant
• Talks are underway with the US Commerce Department
• Company seeks to upgrade its China site in return