SEOUL :Plans by Korea's SK Hynix to overhaul a huge facility in China so it can make memory chips more efficiently are in jeopardy, sources familiar with the matter told Reuters, because U.S. officials do not want advanced equipment used in the process to enter into China.
The United States in the past has objected on the grounds that shipping such advanced tools to China could be used to strengthen the country's military. As newer styles of chips make up a greater share of SK Hynix's production in two to three years, the company will need the EUV machines to control its costs and accelerate production, a source with knowledge of the company's operations in China said.
SK Hynix declined to comment on the matter, adding that it operates flexibly according to various market environments and is doing its best to respond to market and customer demands without issue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China, US agree to ease restrictions on journalists: China DailyBEIJING: China and the United States will ease restrictions on access for journalists from each other\u0027s countries, the official China Daily reported late on Tuesday (Nov 16), citing unnamed Chinese foreign ministry sources. A consensus on journalist visas, among other points, was reached before the virtual
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China sets 2022 renewable power subsidy at US$607 millionBEIJING : China's finance ministry has set the 2022 renewable power subsidy at 3.87 billion yuan (US$607.26 million), state television said on Tuesday.The ministry will allocate 1.55 billion yuan to wind farms, 2.28 billion yuan to solar power stations and 38.24 million yuan to biomass power generators.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
World War II US veterans recall flying aid to ChinaVeterans and officials from China and the United States on Tuesday celebrated the 80th anniversary of the Flying Tigers, American pilots who flew for China in World War II, as a historic example of better relations and cooperation. “Our remembrance of the Flying Tigers today is to build a bridge of communication and friendship between China and the United States,” said Zheng Jianbang, vice chairman of the National Committee of the Chinese People’s Political Consultative Conference, an umbrella body for non-communist entities allowed by the government.
Source: YahooSG - 🏆 3. / 71 Read more »
Commentary: China and the US are becoming firm frenemiesThe call between Biden and Xi reinforced the new reality for Sino-US relations, with selective collaboration and broad competition, says Christian Le Miere.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US, China will relax visa restrictions on each others’ journalistsThe United States and China have reached an agreement to relax visa restrictions on their respective foreign correspondents, the US State Department said on Tuesday, confirming reports by Chinese state media. The agreement, first reported by Chinese state-run outlets including the China Daily newspaper, will see both sides agree to lengthen the validity of journalist visas from the current three months to a year. News of the pact came after US President Joe Biden and Chinese President Xi Jinping
Source: YahooSG - 🏆 3. / 71 Read more »
China to set up US$31.4 billion relending facility for cleaner coal useBEIJING :China will establish a special relending facility worth 200 billion yuan (US$31.35 billion) to support the clean use of coal, state broadcaster CCTV quoted the country's cabinet as saying on Wednesday.The plan comes after China, the world's biggest producer and consumer of the fuel, earlier this week
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »