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Afternoon Brief · November 3rd 2026

US officials hold up tools SK Hynix wants for China, complicating its New York plants

US officials have held up approval for American chipmaking equipment SK Hynix needs to expand in China, Reuters reports, citing sources, and that is complicating the company's plans for new plants in New York. Reuters reported last month that SK Hynix wanted the tools cleared as a condition of funding a NAND factory in the US, with upstate New York under consideration. In a memory shortage, Washington is weighing a US fab against more capacity in China, and for now it is choosing to wait. SourcesBC

Sources

This story ran in the Afternoon Brief of November 3rd 2026.